The DC Today - Thursday September 15, 2022
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 15 September 2022
⏱️ 9 minutes
🧾️ Download transcript
Summary
Special thanks to all who have reached out to say how much they like and appreciate the new format. Between the addition of a podcast, a video, a transcription of the podcast, and the continuation of a daily written synopsis, along with the legacy version on Monday and the real meat of Dividend Cafe on Friday, I think the vast majority of readers have been extremely positive in their feedback. Ironically, the one or two nasty emails we got (you should see the stuff my communications team receives sometimes) were not even from clients, soooooo …. I do recognize that sometimes people like routine and familiarity (I am one of them), but change is part of life, and these changes were done to add mediums that are most popular and sought after, and to harmonize the workload with the reality of someone who has worked 16-18 hours per day for 25 years. Beyond that, I’m pretty much done talking about it …
Okay – off we go!
MARKET ACTION
Dow: -173 points (-0.56%) S&P: (-1.13%) Nasdaq: (-1.43%) 10-Year Treasury Yield: 3.45% (+3.7 basis points) Top-performing sector: Health Care (+0.55%) Bottom-performing sector: Energy (-2.54%) WTI Crude Oil: $85.30/barrel (-3.62%) Key Economic Point of the Day:
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:12.4 | Well, hello, and welcome to the DC today. The market has closed here today on Thursday, September 15th. |
| 0:20.1 | I am getting ready to run out of my New York |
| 0:22.8 | office and head to JFK where I'll be flying back to California late tonight and we'll be back |
| 0:28.6 | in the Newport Beach office tomorrow Friday, where you will be receiving a lovely dividend cafe |
| 0:35.4 | that I'll be riding on the plane tonight devoted to the energy subject. |
| 0:40.4 | So a lot of what I want to say about the energy sector, what's going on in the energy world |
| 0:46.9 | for investors, as well as where the lay of the land is for energy, geopolitically, economically, |
| 0:53.2 | and so forth. I'm going to be diving into |
| 0:56.1 | that in Divida Cafe that you'll receive tomorrow Friday. |
| 1:00.2 | As far as the market today, it ended up down. |
| 1:02.7 | It was kind of down a bit at the open and then kind of rallied up and then did a lot of zigging |
| 1:08.2 | and zagging throughout the day, got back up to a new high, |
| 1:11.6 | and then kind of in the last two hours of the day gave some back. |
| 1:15.8 | It did get down about $250 at one point and then closed down 173. |
| 1:20.4 | So a little off of the lows, Dow down half of a percentage point. |
| 1:23.8 | The S&P was down over 1%, largely led by Big Tech dropping quite a bit, |
| 1:29.5 | and then NASDAQ along those lines was down over 1.4%. So since the Tuesday sell-life, |
| 1:36.3 | you did not get a market recovery per se, and as I've been talking about, the way in which |
| 1:42.5 | bond yields are acting is related to this, |
| 1:45.5 | the 10 year was at 3.7 BIPs, 3.7 basis points to 3.45 percent. But both the one year and |
| 1:56.2 | two year are sitting there just below a 4 percent, 3.8, 3.9 range. |
... |
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