Monday - June 8, 2026
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 8 June 2026
⏱️ 11 minutes
🧾️ Download transcript
Summary
Today's Post - https://bahnsen.co/4fE0HN7
Brian Szytel fills in for David on Dividend Cafe, recapping a mixed market day: the Dow fell about 80 points while the S&P 500 rose ~0.3% and Nasdaq ~0.8%, reflecting a rebound in tech after Friday’s sharp chip-led selloff following a nine-week, 47% tech rally. A much-stronger-than-expected May jobs report (172,000) pushed bond yields higher (10-year ~4.57%) and shifted Fed futures toward pricing possible rate hikes, with inflation still elevated and employment resilient, though labor participation remains low at 61.8% and small business hiring plans are weak. He reviews Middle East escalation and oil around $91, notes pullbacks in silver, gold, and Bitcoin, and argues their lack of cash-flow tether increases volatility. He highlights data-center capex and a bullish natural gas/pipeline thesis, and previews a coming episode on IPO mania and extreme revenue multiples.
00:00 Welcome and Setup
00:15 Market Recap and Tech Rebound
01:11 Rates Inflation and IPO Rules
02:51 Metals and Bitcoin Volatility
04:31 Middle East Tensions and Oil
05:21 Jobs Report and Fed Outlook
07:13 Energy Demand and Natural Gas Thesis
08:05 Wrap Up Knicks and Next Episode
Links mentioned in this episode: DividendCafe.com
Transcript
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| 0:00.0 | Welcome to the Dividend Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:10.0 | Good evening and welcome to Dividend Cafe. My name is Brian Saitel as your host. Although you're seeing me here on the video and the recorded podcast here today, filling in for |
| 0:21.6 | David, even though this is a Monday edition. And so we've got quite a few things to walk through on |
| 0:26.8 | the day. The market itself actually ended up closing down about 80 points on the Dow, but the |
| 0:32.9 | futures in the opening were actually quite positive. And we waffled around throughout the rest of the day |
| 0:37.7 | and ended up closing slightly negative, |
| 0:39.4 | the S&P was still positive by about 30 basis points. |
| 0:43.5 | NASDAQ was actually up about eight-tenths of a percent. |
| 0:45.9 | So what you saw was some reversal of what we saw really on Friday, |
| 0:49.1 | which was that big chip sector technology sell-off. |
| 0:52.8 | But just for context, leading up to Friday, the rally that we had for |
| 0:57.3 | nine weeks, up 47% in the tech sector, was the most that has ever happened in any one sector |
| 1:04.2 | in that period of time, including technology and including the blow off top of 1999. So keep that |
| 1:10.3 | in mind of when we're talking about things being expensive or frothy, |
| 1:13.7 | or not making it up, the market really has moved quite a bit, |
| 1:16.7 | especially in that one sector and especially in that semiconductor space within that sector. |
| 1:21.8 | We had also a much better than expected jobs number on Friday, |
| 1:25.6 | and that drove bond yields up, and it drove Fed futures |
| 1:28.8 | and expectations for not just no rate cuts, but now rate hikes being priced in to where the |
| 1:35.8 | futures are now trading. But for all of those that may wish that interest rates just go back to |
| 1:40.9 | the good old days of ZERB, back to where they were in 2021. |
| 1:45.4 | There's always give and take with that. |
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