The Dividend Cafe Monday - April 29, 2024
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 29 April 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
Today's Post - https://bahnsen.co/4dd0xsl
Economic Front The big economic news last week was the 1.6% annualized real GDP growth for Q1 when +2.5% had been expected. The 3.4% of Q4 (again, all these numbers are annualized, which is just how they get discussed) was not going to repeat itself, but 1.6% vs. 2.5% projected and 2.7% in the Atlanta Fed’s GDPNow model was a big step down. The positive side is that manufacturing appears to be picking up, New Orders are on the rise, and low inventories now mean more manufacturing later.
Net exports were the biggest drag (-0.9%), and, as is almost always the case, consumption was the largest contributor (+1.7%). Capex contributed just +0.4%.
The Personal Consumption Expenditures (PCE) was up +2.7% year-over-year last month, matching expectations. Personal Income rose +0.5% in March, in line with expectations.
54% of people worked at firms with less than 500 employees in 1980. That number is just over 46% now. The fertility rate in the U.S. dropped to 1.62 last year, the lowest on record. Our fertility rate has been below the 2.1 replacement level for 17 years now.
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
Click on a timestamp to play from that location
| 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 | Well, hello and welcome to the Monday edition of Dividendon Cafe. |
| 0:16.0 | We have had some fun things going on in the markets. And there is overall a handful of things I want |
| 0:22.5 | to cover. I'd rather just get right into it today. I'd recommend you go to dividendcafe.com. |
| 0:29.2 | There's links that you will find there to all sorts of fun things, including a couple |
| 0:36.1 | media appearances from Friday, one on Yahoo Finance, where I |
| 0:41.3 | talked about a lot of these subjects. I'm about talk about now. One on Forbes TV, where I talked |
| 0:46.7 | about the results in the earnings sector, the earnings of the energy sector, rather, that came out Friday. |
| 0:56.3 | But most importantly to me today is to give you our normal Around the Horn action. |
| 1:02.1 | The Dow was up 146 points today. |
| 1:04.2 | It opened the morning up and all markets had a pretty good up week last week, including on Friday as well. |
| 1:14.7 | And then the market did give back about 200 points with around an hour to go in trading. |
| 1:22.1 | And then all of a sudden that rallied right back. |
| 1:24.8 | And so you ended up without much of interruption up in the range of 150 points |
| 1:31.4 | all day long and closing at that point as well with just a couple little zigs and zags along the |
| 1:37.2 | way. One of the things I think is so interesting is to report, as you will see in the news from over |
| 1:44.0 | the weekend, that Google announced |
| 1:45.4 | late last week their decision to join the other magnificent seven compadre Facebook, otherwise known |
| 1:53.3 | as meta, in paying out a tiny dividend, a teeny, teeny little tiny dividend. And the reason I bring it up, even though we do not have skin in this game, |
| 2:04.4 | is the fact that these were unmentionable ideas in Silicon Valley for so long. |
| 2:09.5 | And yet now joining the kind of world, if you will, of dividend-paying companies, |
| 2:17.3 | I think it suggests that there's |
... |
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.