The Dividend Cafe Tuesday - September 10, 2024
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 10 September 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Market Update and Economic Insights - September 10th
In this episode of Dividend Cafe, Brian Szytel provides a market update for Tuesday, September 10th. He discusses the mixed performance of the Dow, S&P, and NASDAQ, along with a decrease in the 10-year Treasury yield. Key economic insights include the NFIB small business survey results, inflation concerns, upcoming CPI data, and banking regulation updates from the Fed. Additionally, there's an analysis on dividend yields relative to stock price appreciation and a brief mention of the Fed's quantitative tightening efforts. The episode concludes with a note on the evening's Harris-Trump debate.
00:00 Introduction and Market Overview
00:48 Economic Indicators and Surveys
01:55 Banking Sector Updates
02:46 Upcoming Economic Data
02:57 Dividend Yield Discussion
04:03 Federal Reserve and Quantitative Tightening
04:46 Conclusion and Sign-Off
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. |
| 0:10.0 | Welcome to Dividend Cafe. It is Tuesday, September the 10th. Brian Saital with you here on somewhat of a mixed market day. The Dow, |
| 0:24.2 | it was actually lower most of the morning and gained a little bit of momentum midday, only to |
| 0:30.6 | close just slightly lower. It was down about 92 points on the day. The SMP was up about a little |
| 0:37.4 | over 4 tenths of a percent and the NASDAQ was |
| 0:39.9 | up about eight-tenths of a percent. So some positive rebound in some of the technology and |
| 0:45.4 | semiconductor names inside of those two indices with the Dow slightly negative by about 0.2% on the day. |
| 0:52.2 | The tenure was down five basis points on the day to 365. So we got some |
| 0:57.7 | lower rates pretty much across the curve in interest rates. And on that economic calendar, |
| 1:03.6 | somewhat of a quiet day, frankly, we had an NFIB small business survey that is out. And these |
| 1:10.3 | surveys just keep in mind are always, whether it's |
| 1:13.0 | consumer sentiment or a small business optimism survey, they're always a little backward looking. |
| 1:18.4 | They're lagging indicators. It's how people have felt going backwards, not necessarily, |
| 1:23.7 | about what will come to pass. So keep that in mind. But the index itself dropped two and a half points |
| 1:29.6 | to 91.2. Those are arbitrary numbers. But if you put it in the historical sense of the average |
| 1:35.6 | being 98, it's below that. And it's about the 32nd month below that sort of average number. |
| 1:42.0 | So small business optimism has been weak. And part of that is because |
| 1:46.3 | of inflation. In fact, this report or this survey indicated that is still the number one concern. |
| 1:51.5 | Again, the lagging indicator here. Going forward, obviously we've got inflation data out tomorrow |
| 1:57.0 | on CPI. We'll get that out Wednesday. We're expecting a 0.2% for tomorrow. So we'll see if we |
| 2:04.5 | got it where we come in on CPI. But that's what markets are paying attention to right now. |
| 2:08.9 | So otherwise, somewhat of a quiet day. On the banking side, we actually had the Fed Chair for |
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