The DC Today - Monday, March 25, 2024
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 25 March 2024
⏱️ 16 minutes
🧾️ Download transcript
Summary
Today's Post - https://bahnsen.co/49cizrs
Greetings from Dallas, Texas where I am the next two days before then getting to Houston on Wednesday and then to the TBG offices in Austin and doing three events there for a couple of days before returning to NYC on Friday. Today’s DCT is housing-heavy with plenty else in the mix to make it worth your time.
Dividend Cafe looked further into the time-tested wisdom of dividend growth investing, the historical factors that involved over the past few decades, and the lay of the land in the years ahead.
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
Transcript
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| 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. |
| 0:13.7 | Well, hello and welcome to the Monday edition of DC today. I'm recording in beautiful Dallas, Texas, where I've just arrived and we will be |
| 0:24.0 | a couple different client events and activities in Dallas and then Houston and then are |
| 0:31.1 | in Austin where TBG has an office. We have a big client event there on Wednesday night and another deal Thursday |
| 0:40.2 | and then going back to New York City on Friday. Speaking of which, I'll remind everyone |
| 0:45.5 | that banks and the stock market and the bond market, all financial markets for that matter, |
| 0:50.8 | are closed this coming Friday for Good Friday. So it's a somewhat shortened |
| 0:57.9 | week, but not because of a Monday holiday, but rather a Friday holiday, which doesn't happen |
| 1:01.9 | too often. And in the meantime, we're going to make the most of things here in the great state |
| 1:07.2 | of Texas where we will close out the first quarter of 2024. I'm going to get right into |
| 1:15.2 | the DC today. We had futures open last night, down 50 points, and then this morning we're down |
| 1:22.0 | 100 and the market did indeed a few hours later open down 100 points and stayed pretty much in that range most of the |
| 1:30.7 | day between down 100 and down 200 and ended up closing down 160 on the day, which was 40 basis |
| 1:37.9 | points. The S&P closed down 30 basis points and the NASDAQ very close down 27. So not a big deal with any |
| 1:48.2 | of the markets today, but all down pretty close to one another. In terms of this market |
| 1:54.2 | breadth conversation and what it might mean here in the short term, which by the way is nothing |
| 2:00.5 | because nobody ever has any idea what these various indicators will mean next. |
| 2:05.8 | There are certain things that make stuff more common than otherwise, but as far as wonderful predictive value, I think it is utterly worthless. |
| 2:16.0 | But I will point out that 23% of the stocks in the S&P are at a 52-week |
| 2:22.8 | high. And it's generally a lot higher in that before things start to have a meaningful correction. |
| 2:29.6 | Now, the breadth of the market, 82% are now above their 200-day moving average, which again, |
| 2:38.3 | that's a pretty strong indicator. The moving averages and a literal 52-week higher are different, |
... |
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