The DC Today - Thursday, January 11, 2024
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 11 January 2024
⏱️ 9 minutes
🧾️ Download transcript
Summary
Today's Post - https://bahnsen.co/3NYiJuG
Volatility came down and markets were flat as a pancake as we got inflation numbers that were in line with Core CPI and then just barely above on Headline by a tenth for the month. Rates moved higher initially but came off during the day with 10’s down six basis points and the curve steepening a little. I have more on CPI below and in the podcast, but markets feeling better or worse over a tenth different than expected on CPI each month is one thing but the trend is so blatantly going in the right direction with annualized CPI over the past three months now below the feds 2% target at 1.77%, I just don’t think it’s material at this point. Fed futures by the way agree and were unchanged on the day still at a 65% chance for a March rate cut.
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. |
| 0:15.6 | Hello and welcome to D.C. today. Brian Saitel with you here. And it's Thursday, the 11th of 2024. |
| 0:23.6 | And great to be with you. |
| 0:25.3 | We had really a flat day in markets. |
| 0:29.2 | Futures were actually up. |
| 0:31.2 | We had a CPI number coming out today. |
| 0:34.3 | And I think in anticipation markets were hoping it would be a certain way |
| 0:38.3 | come out weaker than expected. |
| 0:40.8 | Markets sort of opened a little higher and then we got numbers out. |
| 0:43.6 | We had two things. |
| 0:45.2 | We had jobless claims, came out at 202 versus 210 expected. |
| 0:50.4 | It's a little better than expected fewer people filing for unemployment, which is good. |
| 0:55.6 | And then we had the CPI number that came out. |
| 0:58.8 | So the core number was a 0.3% on the month. |
| 1:03.9 | We were expecting, actually, core on inflation on CPI was actually in line at 0.3. |
| 1:09.7 | That's what we were expecting. |
| 1:10.6 | It was headline that came out of 0.3. were expecting a point two. So just a tenth higher |
| 1:15.7 | than expected year over a year on headline was three point four versus three point two expected. |
| 1:21.5 | So in line, maybe a little bit higher on on headline core year over year was 3.9 versus 3.8. |
| 1:30.8 | I chalked most of this up to just in line. And there's some variations with goods prices being |
| 1:36.1 | flat and shelter adding a little bit to it. But all in all, you know, markets sold off a little |
| 1:41.4 | bit initially. Stock market was down a little bit and rates actually moved up. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Dividend Cafe - The Bahnsen Group, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Dividend Cafe - The Bahnsen Group and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.