The Dividend Cafe Tuesday - April 23, 2024
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 23 April 2024
⏱️ 4 minutes
🧾️ Download transcript
Summary
A daily summary of key market data and economic nuggets. Reach out with questions anytime!
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. |
| 0:13.0 | Hello and welcome to the new Dividing Cafe's daily market recap. Today is Tuesday, April the 23rd. The Dow was up 264 points today. That is 0.69%. The S&P was up 1.2%. Nasdaq up 1.59%. This comes after the big selloff of late last week. As a little recovery is on the horizon, communication services |
| 0:40.9 | being the best performing sector today up nearly 2%. The only negative sector on the day was |
| 0:48.7 | materials down 84 basis points. A little risk off day in the markets with a tech heavy result. |
| 0:58.2 | The 10-year bond yield closed at 4.6 percent down two basis points. Crude oil was up one in |
| 1:06.4 | three quarter percent at 83.32. And in economic news, new home sales were up 8.8 percent last |
| 1:16.5 | month. That is, single family residents saw an 8.8 percent increase in sales volume. |
| 1:23.1 | Volume has picked up a bit the last two months, but obviously off of very anemic levels. |
| 1:29.4 | And then finally, the FTC, the Federal Trade Commission, ruled that the non-compete clauses |
| 1:36.2 | that many companies have for their employees that bar them from looking at new jobs, |
| 1:43.4 | that those will be outlawed. So a potentially big change in some |
| 1:47.9 | of the labor law regulation, the FTC outlawing non-compete clauses that restrict people from |
| 1:55.6 | switching jobs. The point of this daily market recap is to keep it quick and succinct with a summary for you. |
| 2:02.5 | Go to dividend cafe.com for the AskTBG with your thoughtful questions fully answered by myself and Brian every day. |
| 2:12.1 | And we look forward to more questions coming from you. |
| 2:15.1 | Brian will bring you the Daily Market Recap tomorrow Wednesday. Thank you for listening to the Dividen Cafe Daily Market Recap. The Bonson Group is a group |
| 2:22.9 | of investment professionals registered with Hightower Securities LLC, member FINRA and SIPC, and with |
| 2:27.9 | High Tower Advisors LLC, a registered investment advisor with the SEC. Securities are offered |
| 2:33.1 | through Hightower Securities LLC. Advisory services are offered through Hightower Securities LLC. |
| 2:34.7 | Advisory services are offered through Hightower Advisors, LLC. |
| 2:38.0 | This is not an offer to buy or sell securities. |
| 2:40.0 | No investment process is free risk. |
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