The DC Today - Tuesday, October 18, 2022
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 18 October 2022
⏱️ 10 minutes
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Summary
This is Trevor Cummings joining you as your guest host on DC Today. You can find my weekly commentary at www.thoughtsonmoney.com. Also, please join me for the DC Today video and podcast – see below.
Market Action
Dow: +341.67 (1.13%) S&P: 1.16%% Nasdaq: 0.9% 10-Year Treasury Yield: 3.994% (+2 basis points) Top-performing sector: Industrials (+2.36%) Bottom-performing sector: Communication Services (+0.54%) WTI Crude Oil: $83.22/barrel (-2.6%) Key Economic Point of the Day: • Industrial production in September rose 0.4% which was a surprise to the upside – estimates were 0.1%. Additionally, August was revised slightly to the upside, as well; a revision from -0.2% to -0.1%. • The National Association of Home Builders’ (NAHB) monthly confidence fell 8 points to 38 in October, making 10 consecutive months of decline. Note, the index was at 80 last October and this 10-month decline tops the record of consecutive declining months set in ’06/’08.
Links mentioned in this episode: TheDCToday.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. |
| 0:10.0 | Hello and welcome to the DC today. One thing you'll notice is that I am not David Bonson. I am Trevor Cummings. |
| 0:19.0 | filling in for David Bonson today. He is in New York |
| 0:21.6 | with a few of our other partners doing their annual due diligence meeting. He'll be talking |
| 0:26.2 | about that in the coming weeks. It's something that they do every year for something like |
| 0:30.1 | the last 13 or 14 years, meeting with every manager we collaborate with and just basically |
| 0:36.5 | digesting everything is going on in markets. |
| 0:39.8 | And the intent is to bring back some actionable items to improve our portfolio management. |
| 0:45.4 | One joke, they always make at church that they never like to give me the microphone because I'm |
| 0:48.7 | usually going to tell an inappropriate joke or I'm going to get emotional. |
| 0:51.6 | So I'll start today's guest appearance with something a little bit |
| 0:54.5 | emotional. I just want to say thank you to David Bonson. It's a blessing to have this opportunity |
| 0:58.6 | to fill in for him today, but I've had a front row seat at this company since we had seven or eight |
| 1:03.5 | employees to now 50. And if you work alongside David Bonson, you know that he comes every day |
| 1:09.9 | with full energy and love for the clients, |
| 1:13.0 | wakes up somewhere around 3 a.m. goes to bed, somewhere around the 10 p.m. range, and just |
| 1:17.8 | nonstop, digesting, producing content, and really not only caring about the employees at work |
| 1:24.6 | here, but caring about every single client. I'm always very |
| 1:28.1 | thoughtful that we could have a business based on subscribers or something of that nature, but he |
| 1:33.4 | produces so much free content. Again, I'm honored to fill in for him. So usually in the DC today, |
| 1:39.2 | you're going to get around the horn of what's going on in the world. So we'll look at that. |
| 1:44.1 | Today, the market started |
... |
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