The Dividend Cafe Wednesday - June 12, 2024
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 12 June 2024
⏱️ 6 minutes
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Summary
This episode delves into the significance and influence of the word 'because'. The discussion explores its role in communication, persuasion, and decision-making processes, highlighting how the simple word can have a powerful effect in various contexts.
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 Wednesday, June the 12th, and generally in upday in markets, the Dow actually did close lower by about 35 points |
| 0:23.5 | on the day, and it opened up higher than that on some better than expected inflation data |
| 0:28.3 | and then drifted a little lower. But both the S&P and the NASDAQ were up modestly. The S&P was |
| 0:34.4 | up 0.85 percent. NasdaDAQ was up 1.5%. |
| 0:37.6 | So a decent day, bonds also rallied. |
| 0:40.5 | Ten year was down seven bases points to 433. |
| 0:43.6 | So what caused all this? |
| 0:45.4 | We had earlier in the morning, CPI data that came out that was better than expected on both core and headline, which is a good thing. |
| 0:53.7 | Core was up 0.2% month over month. |
| 0:56.7 | We were expecting 0.3. Technically, that number is the lowest now in just about three years, |
| 1:02.6 | August of 21. It puts the annualized number at about 3.4%. We were expecting 3.5. So |
| 1:09.2 | better than expected on Core. And then headline also |
| 1:12.1 | better than expected it was flat or unchanged versus an increase of 0.1 percent. That's the lowest |
| 1:17.5 | since right at the onset of the pandemic, basically, of May of 20. So you're getting some low month over |
| 1:23.3 | month numbers and inflation. There's no way to argue with that. Those are good things. |
| 1:28.9 | The core number, just keep in mind there's a shelter component. We've spoken about this a few |
| 1:33.3 | times, but there's a shelter component that is a longer-term average and it's capturing some of |
| 1:38.2 | the increase in shelter costs back ways ago. If you look at something more recent, like just a current Zillow rent |
| 1:45.6 | index, even the last six months, you're in the mid-twos from an inflation standpoint on shelter, |
| 1:52.9 | okay? But inside of CPI, the number they're using, the calculation gets them to a 5.42%. So if you think |
| 2:00.2 | about it, that shelter component makes up about 35% of the total |
... |
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