Tuesday - January 13, 2026
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 569 Ratings
🗓️ 13 January 2026
⏱️ 8 minutes
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Summary
Market Update and Inflation Insights - January 13th
In this episode of Dividend Cafe, Brian Szytel provides a market update, highlighting a 398-point drop in the DOW and smaller declines in the S&P and Nasdaq indices. The episode features an in-depth analysis of the latest Consumer Price Index (CPI) data, indicating modestly above-target inflation at 2.7% year over year, with core inflation at 2.6%. Brian discusses the Federal Reserve's modestly restrictive policy stance amid current inflation rates and anticipates further inflation trends. He also addresses the potential impact of the Trump administration's announcement of $200 billion in Fannie and Freddie mortgage bond buying, expressing skepticism about its long-term benefits. The episode concludes with an invitation for listener questions and provides insights into upcoming economic indicators.
00:00 Market Overview and Daily Performance
00:41 Inflation Update and CPI Read
02:35 Fed Policy and Interest Rates
04:11 Government Interventions and Housing Market
05:47 Conclusion and Final Thoughts
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. |
| 0:10.0 | Welcome to Dividend Cafe. This is Brian Saitel with you here on this Tuesday, January 13th evening. |
| 0:20.0 | In a down day overall in markets, the Dow ended up |
| 0:23.4 | closing down about 398 points, which is off of the lows for the session, but close to them. |
| 0:30.2 | That's about 8 tenths of a percent. SMP was down marginally, about 20 basis points. Nasdaq was down |
| 0:36.1 | about 10 basis points. So not big moves in some of those other more tech-heavy indices. |
| 0:41.3 | Some of this stuff that we've seen, dollar index continues to weaken a little bit, |
| 0:45.3 | and the parts of the market that are more sensitive to driving revenues from overseas |
| 0:50.3 | actually have a small benefit to some of the weaker currency in the short run. And so we've |
| 0:54.7 | seen some of those things play out. But really the bigger news on the day was with a fresh CPI |
| 0:59.8 | read. So we got an inflation update. And headline came out in line. We got three-tenths for the |
| 1:04.8 | month of December, which is what we were expecting. That puts us at 2.7% year over year. If you move out food and energy, the core |
| 1:13.6 | number is what beat expectations. And we got a cooler print coming in a tenth below expectations at |
| 1:19.7 | 0.2. And that put the year over year number at 2.6. We're getting closer to the 2% target, but we're still modestly above it. |
| 1:29.6 | And also, if you peel back the onion here a little bit and you look inside of these numbers, |
| 1:33.5 | there's not that much to get too excited about it. |
| 1:35.9 | It was more or less in line because you had things that beat and other things that disappointed. |
| 1:41.0 | For example, core services were at 0 point three for the month and shelter was at |
| 1:45.7 | point four. Both of those were above expectations. An important part, it's about a third, a little |
| 1:51.3 | bit more. If you combine the two, it's certainly more than that, about 40% of the inflation number. |
| 1:55.9 | You also had some data that remains, I guess I'll call it wonky with a government shutdown for that period of time |
| 2:01.7 | and it's still not completely flowing through. There was a vehicle insurance component that wasn't in there |
... |
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