The DC Today - Tuesday, July 25, 2023
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 25 July 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Today's Post - https://bahnsen.co/3rRaJTS
The Dow was up for the 12th market day in a row, the longest streak since February of 2017 … (the ancient history of 6.5 years ago, back when I was much younger).
Hong Kong and China stocks rallied hard (+4%) as Chinese leadership pledged more “support” for their property sector. What could go wrong? Some “worry” China will “succeed” in fighting their disinflation this way, and that it will leave a global economy too hot and make things harder for central banks. Some people, though, are idiots.
WTI Crude oil broke through its 200-day moving average and is now a whisker from $80.
I will be paying more attention to the threat of labor union strikes in the coming days and weeks. One strike here and one strike there (particularly in something as niche as Hollywood writers) doesn’t grab me from a purely macroeconomic sense. But four new strikes and a couple big ones (like, you know, the UAW), and I do wonder what kind of impact it may have on select companies and sectors.
Off we go …
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 Tuesday edition of DC Today, live from New York City. You know, I have been coming to the city very heavily. |
| 0:24.2 | I mean, my wife and I have kind of lived here bi-coastly back and forth from California for six and a |
| 0:30.3 | half years. And I have been coming heavily for, you know, 23 years. And I still find it just utterly bizarre that a place could have, |
| 0:42.6 | I mean, like raging thunderstorms while it is 85 degrees outside. It is, needless to say, |
| 0:50.0 | not a situation that I am used to from Orange County, California. |
| 0:55.5 | So the weather in New York today may not have been delightful, |
| 0:59.2 | but the Dow was up for the 12th day in a row, |
| 1:02.5 | which is the longest streak since February of 2017. |
| 1:07.4 | So what is that? |
| 1:08.3 | That's actually when we first got an apartment in New York City. So yeah, six and a half years. |
| 1:15.3 | Longest streak, there you go. That may very well be broken tomorrow when the Fed comes out. We shall see. |
| 1:22.7 | A few other news tidbits I want to kind of go through and then we'll get into today. Hong Kong and |
| 1:27.6 | China had rallied hard overnight. Stocks are up over 4% in their respective markets. Chinese leadership |
| 1:33.6 | pledged more support for their property sector. That sounds like a really good idea. Some are worried |
| 1:41.6 | that China will succeed in fighting their disinflation this way. |
| 1:46.6 | I read several analyst reports to that macro effect this morning, and that it will leave a global economy too hot with China doing well, and that that could be a problem for other central banks. |
| 2:01.2 | And I lack the words to respond to that belief. |
| 2:06.5 | I really hope China does not go down the path of Japanification for sake of global economy, |
| 2:12.8 | the exporting of deflation and utilizing fiscal and monetary stimulus to juice your economy doesn't end |
| 2:22.8 | in the way people would hope it would mid and long term is the testimony of history for those |
| 2:29.5 | paying attention. |
... |
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.