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The Dividend Cafe

The DC Today - Monday, April 24, 2023

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

Business, Monetary Policy, Retirement Planning, Investing, Dividend Growth Investing, Estate Planning, Wealth Management, Macro Economics

4.9572 Ratings

🗓️ 24 April 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

Today's Post - https://bahnsen.co/3oDNT0y

Earnings season is off and running and, so far, looks pretty good (or at least not that bad). But it is really early, and the heart of earnings season will be this coming week and next week, and we will keep you posted each step of the way.

Dividend Café took a real look inside the inflation story of the last couple of years, particularly the lag effect of shelter. But it did so not merely in how it overstates the CPI now but how it understated it in 2021.

Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the DC Today, your daily market synopsis of the Dividing Cafe, brought to you every Monday through Thursday to bring you up-to-date information and perspective on financial markets.

0:15.1

Hello and welcome to the Monday edition, special edition, DC today. I'm going to start with some breaking news.

0:24.9

No, it's not Tucker Carlson has been fired from Fox News. It is not. The Don Lemon has been

0:31.0

fired from CNN, though both those things are true. It's that Aaron Rogers has been traded

0:36.0

from the Green Bay Packers to the New York Jets, by far the number one news story of the day.

0:44.0

Other stories include that supposedly President Biden will announce his reelection bid by video tomorrow, Tuesday.

0:53.6

That isn't even confirmed.

0:56.7

And there's a few market things and stuff we're going to go through in a moment that you

1:01.2

could consider newsworthy.

1:03.3

But let's just kind of first do the little breakdown of the day.

1:06.4

The Dow ended up up 66 points on the day.

1:10.0

That's with energy up 1.5% on the day. That's with energy up one and a half percent on the day,

1:13.4

by far the top performing sector, technology down almost half a percent. The S&P was pretty

1:19.6

much dead flat. It was up a tiny little bit. And then the NASDAQ was down about 30 basis points.

1:25.5

And so no dramatic activities anywhere in the market, but a fair amount of dispersion,

1:32.4

different levels of results.

1:34.3

Let's keep in mind as it pertains to the S&P that only 17% of companies have reported results

1:40.7

so far.

1:41.4

So we are about to get a flood of results this week and next week. The lion's share

1:49.4

companies will report over the next two weeks, both within our own portfolio, but as well as within

1:54.3

the S&P 500 at large. And that includes the bulk of these big tech companies that matter so much to where market

2:02.4

returns are.

...

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