The Dividend Cafe Tuesday - June 4, 2024
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 4 June 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Daily Market Recap and Economic Insights - Dividend Cafe
In today's daily recap on Dividend Cafe, David Bahnsen discusses the market performance with the Dow closing up 140 points, modest gains in the S&P and NASDAQ, and a continued bond market rally reflected in the 10-year yield drop to 4.33%. Real estate and consumer staples sectors led the day with about 1% gains, while materials and energy sectors saw declines. Oil prices decreased by $1.30 a barrel. The episode also touches on the JOLTS data indicating a drop in job openings and speculates that the labor market data will give the Fed a potential reason to loosen policy by the year's end. David also encourages viewers to check out ongoing questions on DividendCafe.com and concludes with a positive outlook for most asset classes in May.
00:00 Introduction to Dividend Cafe 00:12 Daily Market Recap 00:41 Bond Market Rally 01:19 Sector Performance Overview 01:39 Oil Prices and Economic Data 01:54 Labor Market Insights 02:45 Fed's Potential Moves 02:59 Closing Thoughts and Resources 03:54 Legal and Investment Disclaimers
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. |
| 0:12.4 | Well, hello, and welcome to the daily recap of the Dividendon Cafe. This is David Bonson, and I just wanted to let you know the Dow closed up 140 points today. That was 36 basis |
| 0:22.7 | points to the upside. The S&P was up just a tiny bit, 15 basis points. The NASDAQ up about the same, |
| 0:29.6 | 17 basis points. So very modest returns, but nevertheless up in the S&P and NASDAQ, the Dow up a little |
| 0:36.7 | more. But all things being equal, |
| 0:39.2 | pretty boring days. Sometimes people like boring days. This absolutely ferocious rally in the bond |
| 0:45.0 | market has continued. The tenure was down another seven basis points today. The 10 year yield closing |
| 0:51.6 | at 4.33%. To put that in perspective, it was at 4.7% on April 24th. So you're |
| 1:01.5 | basically talking about in five weeks. You've had almost 40 basis points drop out of the 10-year. |
| 1:07.6 | Of course, the yield's going lower. It means the price is going higher. All up and down |
| 1:12.1 | the yield curve, you see a decline in yields, pushing bond prices higher. The top performing |
| 1:19.9 | sector day was real estate. It was up 1%. Consumer staples right there with it, up almost 1%. Materials |
| 1:26.2 | were down the most up 1.2. |
| 1:28.4 | Energy continued some downside from yesterday down almost another 1%. |
| 1:32.6 | Mixed bag across sectors, but with the defenses of real estate and staples leading the way. |
| 1:39.8 | Speaking of oil prices, they were down another $1.30 a barrel today. |
| 1:43.6 | Closed just below $73 down |
| 1:46.7 | one and three quarters percent. The more significant economic date of the week will come on |
| 1:53.2 | Friday when we get to the BLS jobs report for the month of May and we'll get a read of where the unemployment percentage is, |
| 2:06.0 | how many jobs were created last month and so forth. But in terms of the Joltz data today, |
| 2:12.3 | which is the job openings, they did fall to a three-year low. And so they got down. They're still just a tad above |
| 2:20.2 | $8 million, but they were expected to come in at $8.3 million. So on one hand, you could argue, |
... |
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.