Thursday - June 11, 2026
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 11 June 2026
⏱️ 9 minutes
🧾️ Download transcript
Summary
Brian Szytel recaps a sharp market reversal after a broad sell-off tied to Iran war rhetoric gave way to gains on news of progress toward a deal, with the Dow up about 900 points, the S&P 500 up 1.7%, and the Nasdaq up 2.25%. He notes meaningfully lower interest rates (10-year down 9 bps to ~4.45%) and oil’s reduced sensitivity to Strait of Hormuz headlines as shipping reroutes and supply adjustments develop. Economic data included a hotter-than-expected headline May PPI (1.1%) but cooler core PPI (0.4%) alongside slightly worse initial jobless claims (229k). He highlights earnings growth concentration in energy (+117%) and technology (~60%) versus weak growth in consumer discretionary and financials, and responds to a college grad’s question by framing AI as a tool, emphasizing human trust and expressing optimism about job opportunities.
00:00 Welcome and Setup
00:23 Market Reversal Rally
01:38 Rates and Oil Calm
02:41 PPI Inflation Breakdown
03:52 Jobless Claims Update
04:05 Earnings Sector Split
05:48 AI and Entry Jobs
07:21 Closing Remarks
07:37 Disclosures and Disclaimer
Links mentioned in this episode: DividendCafe.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. |
| 0:10.0 | Welcome to Dividend Cafe. This is Brian Saitel with you here from our West Palm Beach, Florida office here at TBG on your Thursday afternoon, |
| 0:22.8 | June the 11th. And what a reversal day this is. Yesterday, we had a big down day across the board, |
| 0:28.4 | larger sell-off in tech, and it was mostly related to heated comments on the war in Iran |
| 0:34.3 | and a threat to have the U.S. start reengaging targets in life bombing again. |
| 0:39.7 | And then today, we actually did get some PPI numbers, and I'll talk about that that moved |
| 0:44.6 | markets. But we were already up before that early in the day. But it really built on some gains |
| 0:50.1 | when the exact opposite news came out that the bombs that were potentially going to drop |
| 0:55.4 | are not going to on the day because there was some progress being made on the deal with Iran. |
| 1:01.3 | So markets are basically doing a 180 from how much they sold off yesterday to how much they |
| 1:07.4 | are up today. I am recording this just a few minutes before the close, |
| 1:11.9 | but the Dow's of 900 points, which these days means 1.8%. Again, that's a reversal of yesterday |
| 1:18.4 | almost to the point. And then you have the S&P 500 up 1.7% and the NASDAQ up 2.5%. So if yesterday |
| 1:26.1 | spooked you and you sold out, that would have been a painful |
| 1:29.3 | lesson here. And that's what markets do. And that's why we stay the course. That's why we stick to |
| 1:33.7 | asset allocation. And that's why we focus on the fundamentals that we always talk about. All that |
| 1:38.4 | aside, you did have interest rates move meaningfully lower on the day. The tenure was down nine basis |
| 1:43.0 | points. We're at 4.45 on tens. |
| 1:46.0 | We've been drifting a little lower and partly because oil has seemed to calm down a little bit. |
| 1:51.6 | And also, as I wrote about yesterday, oil movement on the different geopolitical headlines |
| 1:57.9 | has started to become less sensitized to either positive or negative news |
| 2:02.3 | regarding the Strait of Hormuz. Like today, you've got oil down about 3%. Yesterday it was up |
... |
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