The DC Today - Thursday, November 16, 2023
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 16 November 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
Today's Post - https://bahnsen.co/40JB5EW
It was a pretty quiet day today, although we were down almost 170 points mid-day following some slower economic numbers to then rally back to just about flat on the day in stocks. Honestly, with the significant move up this week, just seeing markets just hang in and constructively consolidate and stay at these levels (both in stocks and bonds) is a good thing and bodes well.
This week, we had lower-than-expected inflation numbers in both CPI and PPI, some weak retail sales, the largest US retailer citing disinflationary pressure, and today, we got a jobless claims number that was higher than expected. Mix all of this in a bowl, bake, and no matter how you slice it, you’ll get an unquestionably cooling economic pie. See what I did there as we head into Thanksgiving week. =)
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. |
| 0:13.5 | Hello and welcome to D.C. today. Brian Saitel with you here again, it's Thursday, November the 16th. |
| 0:27.6 | It was good to be here with you out of New York and had a good week in the city and all that. And David was slated to be here with you today, but had some further meetings, so I'm going to stand in here. |
| 0:32.6 | But kind of a flat day really on the market, so a bit quiet. We actually were about flat in the morning and then sort of traded down about 170 points mid |
| 0:42.6 | morning. |
| 0:43.6 | There was some weaker than expected economic data. |
| 0:45.9 | And markets just took the steam out of stocks a bit. |
| 0:49.1 | It did put a rally in the bond market. |
| 0:51.2 | The 10 year was down nine basis points on the day, closed at 445, and again, |
| 0:57.0 | having quiet or flat or non-volatile days following a really pretty big move up is a good thing. |
| 1:05.7 | It bodes well for markets. It's what you want to see. You want to see consolidation. You want to see |
| 1:10.0 | sort of an active trading area around a certain range to support where |
| 1:14.9 | things have moved. |
| 1:16.5 | And it does speak to inflation really coming down. |
| 1:19.2 | And this week, the numbers that we got were quite a few of them in data points. |
| 1:24.2 | We had CPI come in. |
| 1:26.1 | That was much lower than expected. We had PPI come in. That was much lower than expected. |
| 1:27.6 | We had PPI come in, lower than expected. |
| 1:29.9 | Again, those are two of our main inflation readings come in far cooler than we thought. |
| 1:34.6 | We had retail sales negative and weak yesterday. |
| 1:37.9 | So consumer giving back a little bit, not a lot, but a little bit weaker. |
| 1:42.4 | And then the largest retail in the country today, after earnings, and I guess who that is, |
... |
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.