The DC Today - Wednesday April 12, 2023
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 12 April 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Today's Post - https://bahnsen.co/3muBoUs
Today was a highly anticipated day, as we were set to get the latest look at inflation data. This data came in lower than expected, which appeased markets at first glance but lost its luster throughout the trading day. Some pointed to the FOMC minutes and the glooming use of the word recession that took the wind out of the market’s sails, yet this was not “new” news (more in the post).
Perhaps now, everyone will shift their focus and attention to Friday as we start to gather another season of earnings reports.
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 Dividend Cafe, brought to you every Monday through Thursday to bring you up-to-date information and perspective on financial markets. |
| 0:12.8 | Hello, welcome to DC Today. I'm Trevor Cummings. I'm filling in for David Bonson today. I'm going to ask for some extra grace. I feel like I've been sick for about two weeks now, a cough I can't get rid of. |
| 0:23.6 | So brain's a little bit of foggy, but I'm going to encourage you to go to the written piece because there's a lot there. |
| 0:30.6 | I paced at a pretty large piece that David emailed out this morning that I think you'll enjoy. |
| 0:35.6 | It's kind of his perspective on inflation, |
| 0:38.6 | which I think is extremely helpful because inflation has been headline news everywhere. And |
| 0:44.3 | what you're seeing in prominent media really isn't kind of what David's synopsis is of what's |
| 0:49.8 | going on. So my encouragement is to go to the DC today written to grab that. Today was all about |
| 0:56.1 | inflation data. So people were anxious to see where that print would come in. I even read some |
| 1:03.4 | reports this morning of Goldman Sachs saying, hey, if it came below expectation, then markets |
| 1:08.2 | were going to take off and then obviously vice versa. |
| 1:11.5 | Interesting thing is that the data did come in lower than expectation. I believe expectation |
| 1:16.5 | was something like 0.2 or 0.3 for the month of March, it came in at 0.1. And then the year |
| 1:22.3 | of year figure came down from a 6% year of ayear inflation number to a 5% number. |
| 1:27.9 | So what did the markets do? They took off. And mid-trading day, you had positive on all three |
| 1:34.2 | indices, Dow, S&P, and the NASDAQ. And then markets fell off a cliff. I shouldn't say a cliff, |
| 1:41.4 | but they did end the day negative. So midday, you saw the Dow up maybe half a percent, and the Dow finished the day down 0.11%. So not a meaningful move, but a meaningful intraday move. One of the questions would be what caused that? So if you went to just kind of your normal media sources, they would say it was the Fed Minutes. |
| 2:03.6 | What's hard for me is minutes are just that. There are minutes of a meeting that's already happened. |
| 2:10.6 | And so one of the headline things from those FMC minutes was this talk of a mild recession sometime later this year. |
| 2:21.3 | And one of the things I pointed out in the article or the writing today is that is not new news. |
| 2:28.3 | Again, these are minutes of a meeting that's already happened. |
| 2:31.3 | David Bonson on the March 23rd issue of DC today, he pointed this out, |
... |
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.