The Dividend Cafe Monday - July 29, 2024

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

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

4.9 • 572 Ratings

🗓️ 29 July 2024

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's Post - https://bahnsen.co/3Sux849

Monday Dividend Cafe: Market Recap, Election Insights, and Economic Data Analysis

In this episode of the Monday Dividend Cafe, David provides a comprehensive overview of recent market activities, including notable observations about the Dow, S&P, and Nasdaq movements. He elaborates on the performance of various sectors like banks, healthcare, and homebuilders, and reviews bond market trends. The host also delves into the political landscape, discussing President Biden's removal from the race, Vice President Harris's electoral strategy, and former President Trump's campaign prospects. Additionally, he touches upon key economic indicators, such as the PCE inflation data, restaurant reservations, travel statistics, and housing market trends.David concludes with insights into the upcoming Federal Reserve and international central bank meetings.

00:00 Introduction and Market Recap

00:54 July Market Movements and Sector Performance

03:37 Global Political Updates: Venezuela

04:25 US Election Insights and Predictions

11:37 Economic Data Highlights

13:25 Housing Market Trends

15:29 Upcoming Fed and Global Central Bank Decisions

16:01 Conclusion and Final Thoughts

Links mentioned in this episode: 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.
0:13.1	Well, hello and welcome to the Monday Dividendon Cafe, my favorite day of the week to be bringing you all the latest and greatest in the markets,
0:22.5	the Fed, housing, politics, economic data. It isn't like there is nothing going on in any of
0:29.5	these spaces. Let me do the market recap first and then we can have fun with the politics and housing
0:36.8	and all that good stuff.
0:39.5	Today was actually a rare, somewhat boring day in markets.
0:43.7	The market did open up a little bit.
0:46.5	The Dow Zygdenzag got lower at one point, something over 100 points.
0:51.7	But then it got back near the flatline and stayed there most of the day
0:55.1	and then closed down just 49 points, 12 basis points, the S&P and the NASDAQ were both just a tiny
1:02.3	bit above the flatline. So very flattish days in all three major market indices. I would argue that July was a significant month. We still do have two trading
1:14.8	days to go this week, Tuesday and Wednesday, of course, but that what we have seen thus far in July
1:20.5	amounts to some significant movement in this early part of a rotation. And yet it is very important to point out that when I say rotation,
1:30.2	I do not mean half of the market is selling off and half of the market is rowing. You have a
1:35.4	NASDAQ that going into today was down about 3.5% on the month that obviously didn't change much
1:41.5	today with a kind of flat day. The S&P was about flat. It had
1:46.4	been down about 4% and rallied a lot of that back late last week. But you basically had a
1:54.2	significant amount of activity in markets, in some cases downside volatility, and yet 80% of the names in the market are above their 200-day
2:03.4	moving average. That is very high breadth. When you look at the Russell 2000, the small cap index,
2:10.6	you are talking about 73% of the companies in this index that had been somewhat beleaguered and troubled. 73% of the companies in this index that had been somewhat beleaguered and troubled,
2:20.4	73% of the companies, the index are now above their 200-day moving average.
2:25.0	That number has been somewhere around 40 as high as 50% all year until this big move.
	...

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