Tuesday - February 4, 2025
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 4 February 2025
⏱️ 6 minutes
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Summary
Market Recap and Tariff Discussions - February 4, 2025
In this episode of Dividend Cafe, hosted on February 4, 2025, Brian Szytel from the West Palm Beach office covers the market recovery following recent pullbacks related to tariff discussions and earnings reports. He provides updates on market indices, the bond market, and commodities like oil and gold. Szytel discusses recent tariff movements involving the US, Canada, Mexico, and China, as well as the potential implications of these tariffs. He also touches on a Q&A session regarding Trump's announcement of a sovereign wealth fund and the pros and cons of such a fund for the US. Finally, the episode includes a brief overview of recent job openings and upcoming employment data releases.
00:00 Introduction and Market Overview 00:10 Tariff Talks and Market Reactions 00:56 Tariff Implications and Negotiations 01:55 Q&A: Trump's Sovereign Wealth Fund 03:00 Economic Calendar and Employment Data 03:35 Conclusion and Sign Off
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. |
| 0:12.1 | Hello and welcome to Dividend Cafe. This is Tuesday, February the 4th. And Brian Sightel is with you here at our West Palm Beach office here in Florida. |
| 0:22.4 | And a recovery day here after a two-day pullback, primarily around tariff talk and the volatility |
| 0:29.0 | associated with it and then some earnings that have also moved some bigger names in the markets as well. |
| 0:34.8 | But markets were up today nicely across the board, both the Dow, the |
| 0:39.6 | S&P and the NASDAQ, Dow is up about a quarter of a percent, S&P up maybe about two-thirds of a |
| 0:45.6 | percent, a NASDAQ, about one and a quarter. Some modest moves on the day. The tenure was down a |
| 0:50.2 | couple basis points and two basis points closed at 451. |
| 0:54.5 | So there you go. |
| 0:55.6 | Oil pulled backs just slightly about 50 cents. |
| 0:57.9 | Gold was slightly higher. |
| 0:59.7 | There was back and forth in North America with Canada and Mexico and tariffs announced |
| 1:05.6 | and then taken back at least for 30 days between both of those countries. |
| 1:09.4 | China retaliated in a tit for tat thing, |
| 1:12.2 | which is an equivalent kind of countermeasure on the tariff side today and enacted 10% tariffs |
| 1:19.1 | for crude agriculture machinery and autos and a 15% tariff for U.S. coal and liquid natural gas. |
| 1:27.4 | Ultimately, the tariffs between Mexico, |
| 1:30.3 | Canada, China, the U.S. is affected a little less just because we're the purchaser and a lot of |
| 1:38.1 | goods and services. And so if we're putting a higher price or a tariff on them, it affects other |
| 1:42.2 | countries more than it does us. There's a leverage effect to that. |
| 1:45.0 | But in any case, we'll see where this shakes out. |
| 1:47.0 | We've written about it, but a lot of this is a negotiation based on some other policies, |
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