Tuesday - January 6, 2026
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 570 Ratings
🗓️ 6 January 2026
⏱️ 8 minutes
🧾️ Download transcript
Summary
In this episode of Dividend Cafe, Brian Szytel provides a brief market update for January 6th, discussing recent market gains driven by anticipated tax cuts and not political events like the situation in Venezuela. He talks about Venezuela's reduced oil production and its impact on energy markets, as well as stock rotations from growth to value sectors. The economic update includes the S&P services PMI, which remains in expansionary territory. He also addresses a viewer question about gold's performance and future outlook, highlighting the complexities and factors influencing gold prices, with a specific focus on The Bahnsen Group's investment approach.
00:00 Welcome to Dividend Cafe
00:28 Market Update and Tax Cuts
01:09 Impact of Venezuela on Energy Markets
02:15 Stock Market Movements and Economic Indicators
03:05 Market Predictions and Earnings
04:18 Gold Market Analysis
05:58 Conclusion and Viewer Questions
Links mentioned in this episode: DividendCafe.com
Transcript
Click on a timestamp to play from that location
| 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. |
| 0:11.8 | Good evening and welcome back in to Dividend Cafe. This is Tuesday, January the 6th. And it's Brian Saitel with you here from our West Palm Beach, Florida |
| 0:22.6 | office in the brand new year on a nice sunny day and actually a second update in markets overall. |
| 0:29.3 | And I wish I could tell you that it had anything to do with Venezuela or some sort of |
| 0:35.0 | political optimism over that area of the world, but frankly, it really hasn't. |
| 0:40.9 | Okay, so the market has been up a couple days in a row. |
| 0:43.5 | Part of the real reason of that has been more to do with what potential tax cuts are going to come down the pike in the first quarter. |
| 0:50.5 | Remember, a lot of that OBBB that came out was about expensing and different items that were a benefit as you file your return versus an immediate benefit on that bill is passed as far as tax rates and some of the things that were inside of that bill. |
| 1:05.6 | So you'll start to see some of that. |
| 1:07.0 | We've calculated it's somewhere near $150 billion. |
| 1:09.8 | So it's a lot of money that should come into the economy. |
| 1:12.1 | And I believe that that is what's more behind a positive market here. |
| 1:15.8 | But two days in a row really doesn't make much of a year or anything to get too concerned about one way or the other. |
| 1:22.1 | The Venezuela ordeal has certainly affected energy markets. |
| 1:25.9 | And to put that in perspective, when you look at what Venezuela |
| 1:28.4 | used to produce, it was about three and a half million barrels a day back in the mid-90s of oil. |
| 1:34.2 | And over time, it has consistently gotten worse. There's a lot of reasons for that. There was sanctions. |
| 1:40.2 | There was also mismanagement in just a poor political environment for 25, 30 years there as well. |
| 1:46.0 | And so the infrastructure that was originally there was degraded and didn't perform as well. |
| 1:50.6 | They're only at about a million barrels a day right now. |
| 1:53.2 | And so if you think about that going higher, yes, it does matter. |
| 1:56.7 | In the global scheme of things, it's probably less than people realize. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Dividend Cafe - The Bahnsen Group, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Dividend Cafe - The Bahnsen Group and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.