The Dividend Cafe Tuesday - May 28, 2024
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 28 May 2024
⏱️ 25 minutes
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Summary
Today's Post - https://bahnsen.co/3KhwHpc
A special Tuesday edition owing to the Memorial Day holiday. The podcast covers a range of topics starting with a market recap, touching on the industrial and healthcare sectors, and explaining the unusual trading patterns in the Dow, Nasdaq, and S&P 500. Financial intricacies such as market breadth and credit spreads are discussed, along with the curious valuation metrics of various sectors. The housing market trends, including mortgage rates and foreclosure statistics, are highlighted. Speculations on future Fed rate cuts are discussed, emphasizing the likelihood of cuts being delayed until after the presidential election. David also explains the firm's approach to utilizing outside money managers for specific asset classes. The episode wraps up with a preview of upcoming segments and content.
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. |
| 0:12.7 | Well, hello and welcome to the Dividendin Cafe. It isn't Monday because of the Memorial Day holiday, but you're getting on Tuesday the Monday edition. |
| 0:22.9 | So much to say today, kind of an extra long against doomsdayism, a lot on housing I want to |
| 0:29.7 | cover, and even a kind of really extra long ask TBG. So I'm going to try to go through all of it, |
| 0:35.8 | even for the podcast listeners and video |
| 0:39.1 | watchers. But of course, inside Dividin Cafe is where you get some charts and other |
| 0:46.0 | fun things like that. Also, links, there was a fair amount. I actually had a couple of interviews |
| 0:51.8 | before I even left my apartment earlier this morning. |
| 0:55.5 | And Brian Saitel did a interview on Cheddar TV on Friday. |
| 0:59.9 | So all those links are there at Dividing Cafe in today's entry. |
| 1:04.3 | Check it all out. |
| 1:05.6 | Market opened down 100 points today. |
| 1:08.9 | And it worsened. |
| 1:10.0 | About halfway through the day, took a kind of another |
| 1:11.8 | leg down and was at one point down over 300 points. It made about 100 of that back. So the Dow |
| 1:17.6 | closed down 216, but the S&P 500 was totally flat, and the NASDAQ was actually up over half a percent. |
| 1:27.3 | How do you get the Dow down half a point? The NASDAQ was actually up over half a percent. How do you get the Dow down half a point, |
| 1:30.5 | the NASDAQ up half a percent, and the S&P flat all in the same day? First of all, it's not very |
| 1:36.6 | common. But second of all, the way you get it is because most of the pain in the Dow is in two |
| 1:42.7 | sectors, the industrials, which were down today about |
| 1:47.7 | one and a quarter and healthcare, which was especially pharma was down one and a quarter. |
| 1:54.1 | And that is a byproduct of just where the concentration of sell-off was. And there's more in the Dow than the NASDAQ. |
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