The Dividend Cafe Wednesday - May 8, 2024
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 8 May 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
A daily summary of key market data and economic nuggets. Reach out with questions anytime!
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. |
| 0:12.5 | Welcome to Dividend Cafe. It is Wednesday, May the 8th. And thank you for being with me today. |
| 0:19.6 | Another sort of quiet day, really, in trading. |
| 0:22.9 | The Dow actually ended up closing up 172 points. |
| 0:27.3 | It was marginally higher, basically flat for most of the day and got a little late day rally. |
| 0:33.3 | The S&P closed completely unchanged. |
| 0:36.3 | And the NASDAQ ended up down, actually, a little bit. |
| 0:39.6 | Again, there's really not a lot of economic news this whole week, frankly. |
| 0:44.8 | And I think markets are just in a lull waiting for what it will be CPI that will come out next week. |
| 0:51.4 | That will certainly move things. |
| 0:53.7 | There was a couple of things, though. |
| 0:57.7 | There's a Fed survey called Sluz. |
| 0:59.9 | It's an opinion. |
| 1:00.8 | It's basically a bank manager survey regarding lending standards. |
| 1:07.1 | Are they tightening or are they loosening? |
| 1:09.2 | What are they seeing and why? And they were slightly tighter for the |
| 1:12.6 | month, but not anything meaningful, just citing things like on economic uncertainty and things like |
| 1:20.0 | that. It was not a whole lot of market moving news. There was wholesale inventory numbers out today |
| 1:27.3 | that were down 0.4% for the month of |
| 1:30.0 | March, which gives us a negative 2.3% year over year and counterintuitive sometimes, but wholesale |
| 1:38.1 | inventories or a function of economic health. So it's the opposite. So you get increasing |
| 1:44.0 | inventories, meaning consumer demand is lower and decreasing with consumer |
... |
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