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The Dividend Cafe

The DC Today - Tuesday, October 31, 2023

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

Business, Estate Planning, Retirement Planning, Wealth Management, Investing, Monetary Policy, Dividend Growth Investing, Macro Economics

4.9572 Ratings

🗓️ 31 October 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

Today's Post - https://bahnsen.co/3QErw6L

With half of the companies having reported quarterly results, we now see +4.3% earnings growth year-over-year and +1.4% revenue growth. Of course, half is only half.

Links mentioned in this episode: TheDCToday.com 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.

0:10.0

Hello and welcome to the Tuesday edition of DC today. The month of October is officially over.

0:20.0

I'll go through some more month-end data recap tomorrow

0:24.6

since the market month just ended about 20 minutes ago.

0:28.6

But, you know, the market kind of ended pretty strong.

0:34.6

It would have been a much uglier month if it wasn't for the last two days.

0:39.4

And it's actually a little more interesting the way the market action went today than

0:43.7

even yesterday. Of course, the market was up well over 500 points yesterday and it was only

0:48.9

up about 120 plus change today. But following up a big market rally like that with another up day and another day where all 11 sectors were up.

1:00.0

So even in a day that was, let's see, the Dow is only up 38 basis points, the S&P up 65 basis points, the NASDAQ up just a little less than half a percent.

1:12.8

So it was kind of an okay day in all three market indexes, and yet all 11 sectors up after

1:19.2

a big rally day like yesterday.

1:21.2

It's a pretty strong showing.

1:22.9

And by the way, doing so when the bond market was down, You had bond yields moving higher yet again.

1:29.3

So I'll go ahead and go through the market data first and then come back to a couple other

1:34.3

items I wanted to cover. The bond yields were all showing a little bit down this morning, but

1:41.3

then they did come higher. Initially, the Eurozone announcing

1:46.3

their lowest level of year-over-year inflation in any given month in over two years caused bond yields

1:54.3

to drop a bit. That didn't last throughout the whole day. And the tenure closed at 4.91% up 3.4 basis points. In terms of the sectors,

2:05.6

if you find it interesting, I'll share it, I do. Yesterday the worst performing sector was

2:12.5

real estate and it was still up. And today, real estate was the best performing sector

2:18.1

up a little over 2%.

...

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