Thursday - February 12, 2026
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 569 Ratings
🗓️ 12 February 2026
⏱️ 7 minutes
🧾️ Download transcript
Summary
In this episode of Dividend Cafe, Brian Szytel discusses the day's market reversal, with significant drops in the DOW, S&P, and Nasdaq. He highlights the ongoing rotation and decline in tech stocks, and notes falling long-term yields. Key economic updates include initial jobless claims and a notable drop in existing home sales. Szytel explores themes such as positive economic growth, new Federal Reserve leadership, and AI productivity growth. He delves into S&P earnings expectations, margin analysis, and the impact of lower inflation on real sales growth. Finally, he addresses a question about political influences on Fed leadership, emphasizing the qualifications and impartiality of the candidate in question.
00:00 Market Reversal and Daily Performance
01:08 Economic Indicators and Market Reactions
01:36 Sector Analysis and Earnings Expectations
02:38 Volatility and Market Dynamics
02:58 Earnings Margins and Sector Disparities
03:58 Inflation Impact and CPI Anticipation
04:24 Political Influence on Fed Decisions
05:26 Conclusion and Final Thoughts
Links mentioned in this episode: DividendCafe.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 and dividends in your understanding of economic life. |
| 0:10.0 | Good evening and welcome to Dividend Cafe. Brian Saitel with you today on a down day overall in markets. |
| 0:19.0 | It was actually a reversal. We had an up-up morning, at least on the |
| 0:23.6 | Dow for a time, and then markets gave way through the remainder of the day and closed quite |
| 0:28.4 | meaningfully in the negative territory. So we had the Dow that was down 669 points. SMP was down a |
| 0:35.4 | percent and a half. Nasdaq was down 2%. Continued rotation ongoing, |
| 0:40.8 | but everything until the downside just tech sold off more. And then rates across the curve moved |
| 0:46.2 | lower on the day, and you actually had the curve flattened a bit. So long-term yields went down more |
| 0:52.1 | than short-term. But you had the 10-year down seven basis points |
| 0:55.7 | on the day. We're now at 4-10. So rates have actually moved quite a bit lower here over the past |
| 1:00.2 | couple of weeks as we've gotten some of the labor data. Tomorrow we're going to get CPI, so we get a |
| 1:05.1 | fresh read on inflation out tomorrow. The week on the market is down about 1% so far. Still up positively on the Dow on the year. |
| 1:13.4 | We're up a little under 3% of both the S&P 500 and the NASDAQ or negative year to date in |
| 1:18.9 | 26. So what was going on today? So we had a couple of things on the economic calendar, but I don't |
| 1:24.8 | think this is what moved markets. But you had initial jobless |
| 1:27.9 | claims at 227,000 for the week. That was about in line with expectations. And then you had existing |
| 1:34.4 | home sales fall off quite a bit in January. They were down about 8.4%. You got a 3.9 number instead of a |
| 1:41.3 | 4.1 number on existing home sales. So those two things are notable, |
| 1:45.8 | although again, I don't think that's what's moving markets here. I think you're getting these |
| 1:49.6 | cross currents that continue to flow through markets, and there's a lot of different themes underway. |
| 1:54.9 | There's been somewhat positive economic growth that has come out. We've seen that in some of the |
| 1:59.9 | manufacturing data that we've seen. You've got that in some of the manufacturing data that we've |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Dividend Cafe - The Bahnsen Group, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Dividend Cafe - The Bahnsen Group and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.