Thursday - February 20, 2025
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 20 February 2025
⏱️ 7 minutes
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Summary
Market Volatility and Economic Updates with Brian Szytel
Brian Szytel provides an update from Newport Beach on recent market activities. He highlights an increase in volatility compared to earlier in the week, with the Dow down 1%, S&P down 0.4%, and NASDAQ down 0.4%. Despite minor economic data releases, there were no significant market movers. Initial jobless claims remain stable at 219, while manufacturing indexes show positive trends. The VIX is low at 15, suggesting overall market stability. Brian also addresses common questions about their service offerings and the difficulty in providing a uniform track record for portfolios due to their customized nature. He emphasizes the holistic approach of their business, which includes tax planning, estate planning, and financial advice beyond mere investments.
00:00 Market Volatility Update 00:47 Economic Indicators and Jobless Claims 01:12 Manufacturing and Market Sentiment 01:42 Current Market Trends and Metrics 02:49 Understanding Custom Portfolios 03:51 The Importance of Personalized Financial Services 04:39 Closing Remarks and Upcoming Plans
Links mentioned in this episode: DividendCafe.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. |
| 0:12.0 | Ryan Sightel with you here in our Newport Beach, California office, on what ended up actually turning out to be some more volatility on the day compared to Monday, |
| 0:21.8 | Tuesday, and Wednesday earlier of this week, which have been really essential snooze fest |
| 0:26.0 | as far as what's gone on in the market. It's been very quiet. So things picked up a little bit |
| 0:30.6 | today. The Dow is down about 1% even, which is 450 points. S&P was down 4 tenths of a percent, as was the NASDAQ. So some sell |
| 0:40.8 | off in stocks. You had a little rally in bonds. Ten year was down two bases points, closed at 451. |
| 0:46.7 | So not a huge catalyst in the day on the economic front. There was a couple of data points out |
| 0:52.8 | today, but not anything that would have moved the market. |
| 0:54.9 | Frankly, markets go up and down every day. So I don't think that people need to read into this |
| 0:59.1 | much at all. But initial jobless claims were out in line at 219. Like I've said many times, |
| 1:05.3 | anything under 250 is fine as far as being balanced in the labor market. So we're still in that kind of low |
| 1:11.8 | 200s range. That's good. The Philly Fed index today was a little off expectations, but pretty |
| 1:17.7 | close. Close enough, as they say, for horseshoes and hand grenades. We got a 219, 215 was expected. |
| 1:24.5 | But that along with the New York Empire Index yesterday is a good sign for manufacturing |
| 1:29.6 | because both of those indexes were fairly positive. So on the economic front, things are fine, |
| 1:35.4 | I would say. A little bit of volatility in stocks, not a lot in bonds. And the market overall |
| 1:41.3 | still has fairly low volatility. The VIX is only at 15. |
| 1:46.0 | There are other metrics that we're looking at, but there's, for example, credit spreads are tight. |
| 1:50.5 | So things to worry about, but generally markets are tilted towards the positive. |
| 1:55.0 | There was, like I wrote about yesterday, potentially a new posture with Ukraine. |
| 2:00.0 | There's a lack of GOP's consensus around reconciliation. |
| 2:03.8 | There's still tariffs that we're talking about. There's a potential trade deal that's being |
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