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The Dividend Cafe

The Uncrowded Part of the Boat

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

Monetary Policy, Investing, Wealth Management, Business, Retirement Planning, Macro Economics, Dividend Growth Investing, Estate Planning

4.9572 Ratings

🗓️ 9 August 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

Today's Post - https://bahnsen.co/3WFB835

Ringing the NYSE Bell & Analyzing the Yen Carry Trade

In this week's episode of Dividend Cafe, David Bahnsen, Chief Investment Officer at Bahnsen Group, shares his firsthand experience of ringing the opening bell at the New York Stock Exchange. David discusses the week's significant market movements, including the impact of the yen carry trade and the resulting volatility across global markets. He explains the complex financial mechanisms behind the yen carry trade and its ramifications on market behaviors. David also stresses the importance of understanding one’s temperament in market fluctuations and not panicking during short-term volatility. He concludes by reflecting on the importance of American financial markets for human flourishing and how high-quality investments can ensure stability amidst market chaos.

00:00 Welcome to Dividend Cafe

00:16 Ringing the NYSE Bell

01:20 Market Recap: A Week of Volatility

03:16 Understanding the Yen Carry Trade

06:56 Market Corrections and Investor Temperament

09:02 Leveraged Finance and Forced Selling

12:26 Investment Philosophy: Dividend Growth

14:29 Gratitude and Final Thoughts

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

0:06.6

and dividends in your understanding of economic life.

0:13.0

Well, hello and welcome to the Dividendon Cafe. It has been an amazing week. I am David Bonson,

0:19.9

Chief Investment Officer, managing partner at the

0:22.9

Bonson Group. Many of you know that for those who don't know. I just always want to make the

0:27.3

introduction so you know who you're talking to. And today you're talking to someone who was really,

0:33.1

really blessed, privileged, thrilled, honored to ring the bell on the opening of the New York Stock

0:41.0

Exchange this morning, along with Brian Saitel, my co-chief investment officer, and Kenny Molina,

0:47.5

our director of investment solutions, Mina and Jolene from our client experience team,

0:53.7

and Teddy and Lipping, our research equity analyst.

0:59.3

We all together were on the four of the exchange ringing the bell.

1:03.6

And I joke in Dividendon Cafe that if all you did this week was look at the market where it closed last Friday and then look at the market

1:11.7

where it is here today. And keep in mind, as I'm recording, there's a couple hours to go. So who

1:17.8

knows, but markets just down a couple hundred points on the whole week, literally, like 0.4%.

1:24.7

And so you might think, oh, the biggest story of the market this week was

1:29.1

Bonson and his team getting to ring the bell in the floor of the exchange. But actually,

1:34.7

it was a pretty significant weekend markets. It just round-tripped. And what I mean by that is

1:41.1

there had been a sell-off late last week, especially in the big tech things.

1:45.9

And then going into the weekend, there was some questions as to where things were in markets.

1:51.2

And on Sunday night, as American futures opened up, they were down quite a bit.

1:56.6

And across the world, as Japanese markets were opening in Tokyo.

2:01.9

They were getting hammered and it quickly became apparent that Japan and the Niki was not down

...

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