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The Dividend Cafe

The DC Today - Monday, July 24, 2023

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

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

4.9572 Ratings

🗓️ 24 July 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Today's Post - https://bahnsen.co/3O7FRWJ

I am back in New York City after a few days working from my house in East Hampton and ready for a hot and humid week in the concrete jungle. Office needs and speaking engagements didn’t allow me too much time at our Hamptons home this summer but I do enjoy being here in the city even in my least favorite time of the year weather-wise (I will take the snow storm winters over the oppressive heat any day!). To see New York this crowded and normal after what I observed in the depths of COVID is a true blessing (I was here throughout summer of 2020 when it was a real ghost town). It will be a busy and lively week in our Manhattan office and I am excited.

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.

0:14.4

Well, hello and welcome to the Monday edition of DC today. I am actually sitting in my office in New York City. And, you know,

0:22.2

our studio here in the office is normally where I record. But we're kind of doing it here at my desk

0:27.6

for other reasons. I'll spare you the details on today. And I'm doing something I think I've done

0:32.6

once, maybe twice ever before. I'm recording a few minutes before the market is closed. And I hate doing that

0:38.9

because I know one of these days I'm going to say something and then in the 10 minutes in

0:42.9

between me saying it and the market closing, it'll become obsolete. But we have to take our chances

0:48.3

today because I can't record right after the market because, candidly, they switched my hit time going on the

0:57.4

Kudlow show at Fox Business and so it's sort of screwing up our afternoon rhythm.

1:02.6

So I'm recording for you now.

1:04.3

There's a very long and robust Monday edition of the DC Today that I really encourage you

1:08.8

to read and it will have all the updated final

1:12.1

numbers in it after the close by the time you're getting this. But for now, I'll just kind of

1:17.2

give you the general direction of where we are. As is often our case on Mondays, we like to go

1:23.5

through a number of other categories, covering public policy, covering the Fed, covering the

1:29.6

general news cycle, economic developments, et cetera, a little longer form version than what we do

1:36.9

Tuesday, Wednesday, Thursday.

1:38.9

And so there's a lot there this week.

1:41.1

The market itself, first of all, the biggest story is barring what could be

1:45.4

a 190 point drop in the next 10 minutes. The Dow is up 11 market days in a row. You can look up

1:54.4

yourself when the last time that happened is, but an incredibly rare feat. Some of them were big

1:59.9

days up. Some of them were very small, but

...

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