Tuesday - February 11, 2025
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 11 February 2025
⏱️ 7 minutes
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Summary
Market Confidence and Capital Activity Boosts: Feb 11th Update
Brian Szytel provides a market update on a directionless trading day where the Dow closed up 123 points, S&P remained flat, and Nasdaq fell by a third of a percent. 10-year Treasury yields rose to 454 basis points, and small business confidence remains above historical averages, indicating robust economic health. Discussions covered the increase in capital expenditures, IPO market, and mergers and acquisitions activity. Brian critiques SPACs while noting a positive resurgence in capital market activities. He also comments on Jerome Powell's testimony regarding interest rates and inflation. Financials emerge strong in the market, contrasting with weaker performance in semiconductors.
00:00 Market Overview and Key Indices 00:28 Small Business Confidence and Economic Impact 01:30 Corporate Activity and Capital Markets 02:08 SPACs and Financial Sector Insights 03:38 Federal Reserve and Monetary Policy 04:39 Conclusion and Final Thoughts
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 Tuesday, February the 11th, and Brian Saitel with you here here giving you some market updates on somewhat of a |
| 0:23.4 | directionless day overall in markets for most of the day we actually closed up about |
| 0:27.4 | 123 points on the Dow. S&P was flat, NASDAQ was down about a third of a percent. |
| 0:33.7 | The tenure was up three basis points on the day so we're're at 454 now, so just above the 450 level. |
| 0:39.7 | Not a lot in the news. There was a small business survey, the NFIB, for the month, was just |
| 0:45.7 | slightly below expectations. It still remains pretty handily above the historical average signaling |
| 0:51.3 | confidence in small business. That's a big deal. It had been under that |
| 0:54.9 | average for something like three years and popped above it here the last couple of quarters and it's |
| 1:00.5 | stayed there. The more confident small business owners have, the more that they're willing to hire, |
| 1:05.8 | the more that they're willing to invest in their own business and grow things. And it's good for the |
| 1:10.1 | economy overall. |
| 1:10.9 | In fact, that was my theme in the what's on Brian's mind today, which is none of this is |
| 1:16.3 | to paint a rosy picture to pour sugar in anyone's ear. |
| 1:18.9 | There's plenty of things I could give you on the negative side as well, but the fact that |
| 1:23.3 | there's confidence on the business side, that the consumer is very strong, that the labor |
| 1:27.0 | market is very strong, in that you're starting to see real talk about an increase in capital |
| 1:33.1 | expenditures in corporate boardrooms. And this is seen in the survey we had today in small businesses, |
| 1:38.9 | but it's seen in large businesses as well. This is a theme that we've had. It's starting to |
| 1:43.2 | show up in things like the |
| 1:44.3 | IPO market, which had been really dead here for a couple of years, literally, the lowest, I think, |
| 1:49.4 | in my entire career, 23 years. So that's starting to pick up. And then you're seeing more |
... |
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