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The Dividend Cafe

The Dividend Cafe Tuesday - December 10, 2024

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

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

4.9572 Ratings

🗓️ 10 December 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Daily Market Recap and Economic Insights - December 10th

Welcome to The Dividend Cafe for Tuesday, December 10th! Brian Szytel of The Bahnsen Group provides a comprehensive commentary on the day's market performance. The Dow, S&P, and Nasdaq saw slight declines, while the 10-year Treasury yield rose slightly. The NFIB small business survey indicated a positive trend, rising above its historical average. There was also a positive result in the non-farm labor productivity for Q3. Brian emphasizes caution despite current market confidence, urging proper portfolio management to weather potential market pullbacks. Tune in for detailed insights and upcoming economic indicators.

00:00 Introduction to The Dividend Cafe

00:14 Market Overview: December 10th

00:47 Economic Indicators and Market Sentiment

01:18 Small Business and Productivity Surveys

02:26 Volatility and Market Positioning

03:46 Final Thoughts and Contact Information

04:01 Disclaimer and Legal Information

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

Welcome the Dividendon Cafe. It is Tuesday, December the 10th. Brian Saitel with you here from the Bonson Group.

0:19.0

And bringing you some information on today's moves.

0:23.1

We had a slightly down market. The Dow was down 154 points. That's about a third of a percent.

0:29.2

And the S&P and the NASDAQ were down essentially the same, give or take, a small amount.

0:33.9

So everything was down on the equity side, right around a third of 1%. The 10 year was up

0:39.4

three basis points. So we gained three basis points on the 10, 10 year. We closed at 423. So a little

0:45.6

give back today, but fairly modest. There wasn't a whole lot in the economic calendar. There was a

0:50.7

couple of things out, although tomorrow we're going to have a fresh read on

0:54.4

inflation with CPI. And I believe the markets are frankly just, you know, waiting for that more

1:00.3

meaningful news. You know, now that we're getting into the year in, that's one of the final

1:04.1

larger things that we'll get on the economic side, at least, until the end of the year. We also

1:08.4

have next week's FOMC decision, which is an 85% probability.

1:13.2

They're going to lower rates by 25 basis points. But we're starting to get down to the wire,

1:17.0

and those are the remaining two pieces. And so today was a little bit quiet. But you did have

1:20.7

the NFIB small business survey. It actually has been below its historical average for almost

1:26.7

three years. A lot of that has to do with just general uncertainty, whether it's political or interest rate-driven or economic.

1:33.3

There's been uncertainty on the small business side.

1:36.3

Most of that, I think, was more interest rate related over those years than anything else.

1:41.3

But now that you have some clarity, rates are coming down, you know, the election has happened.

1:46.1

The survey actually jumped up above historical average into its highest level in over three

1:50.5

years.

...

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