The Dividend Cafe Tuesday - June 25, 2024
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 25 June 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Mixed Market Movements and Resilient Housing Prices in Focus
In this episode of Dividend Cafe, market commentary includes a mixed performance across the indices with the Dow down nearly 300 points while the S&P and Nasdaq posted gains. Economic updates reveal all-time high home prices per the Case Shiller Home Price Index and decreased sales of previously owned homes. The episode delves into consumer sentiment, emerging markets strategy, and the implications of refinanced consumer and corporate debt amid current interest rates. Additionally, considerations on geopolitical risk in China and the evolution of the emerging markets landscape are discussed.
00:00 Introduction to Dividend Cafe 00:19 Market Overview: A Mixed Day 00:52 Economic News and Housing Market 01:50 Emerging Markets and Consumer Focus 03:19 Debt and Interest Rates Discussion 04:18 Conclusion and Upcoming Events 04:29 Disclaimer and Legal Information
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the Dividend Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:13.0 | Welcome to Dividend Cafe. It is Tuesday, June the 25th, and happy to be with you here today. |
| 0:19.7 | Kind of a mixed day in markets. |
| 0:21.1 | The Dow is actually down pretty significantly. |
| 0:23.9 | It was almost a mirror image of yesterday's trading action with what went up and what went down. |
| 0:28.3 | But the Dow was down 299 points, just under 300. |
| 0:32.1 | But both the S&P and the NASDAQ were both positive on the day with the NASDAQ up over a percent and a quarter. |
| 0:37.7 | A bit of a mixed day, again, kind of a mirror image of what transpired yesterday. The 10-year yield |
| 0:43.0 | was basically flat. It dropped a basis point. We closed at 423. So pretty quiet in bond land, |
| 0:49.6 | a bit mixed in stocks on the day. A couple of economic news that came out today, not a not a whole lot, |
| 0:56.9 | really, but there was a Kay Schiller home price index number that was out. We got 7.2%, which puts it |
| 1:03.5 | at an all-time high technically versus about 7% expected on home prices. So prices are resilient. |
| 1:09.9 | They're staying up. In fact, still going up slightly, |
| 1:12.5 | but there's just not a lot of transactions. And I've spoken about this several times, but there just |
| 1:17.2 | remains to be this sort of dearth of activity and housing. And that was shown today also with sales |
| 1:23.9 | of previously owned homes for the month that were down 0.7%. So not a lot of transactions |
| 1:30.0 | happening. And again, I believe housing just remained stuck with higher interest rates and consumers, |
| 1:36.7 | you know, hesitant to refinance and want to move. Consumer sentiment on the day was out in line with |
| 1:43.6 | expectations. Again, we always look at this as a |
| 1:45.8 | lagging indicator. So take it for what it's worth. There was some comments. There was a Q&A |
| 1:50.8 | session in there about emerging markets and the way that we have our exposure and if it's still |
| 1:55.4 | focused on the consumer and then some concerns over China. And I walk through both of those topics. |
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