Tuesday - September 30, 2025
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 30 September 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
Market Highlights and Insights: September 30th Edition
In this episode of Dividend Cafe, host Brian Szytel from The Bahnsen Group office in New York City provides a concise market overview for Tuesday, September 30th. Despite a negative start, the market ended slightly positive with the DOW up by 82 points, S&P up by 27 points, and Nasdaq up by a third of a percent. Key economic updates include a slight increase in the Case-Shiller Home Price Index and better-than-expected new job openings, reflecting a balanced labor market. Brian also discusses the implications of current trade margins, tax rates, and capital expenditure focus on artificial intelligence. Additionally, he addresses a viewer question about proxy voting in index investments and the proactive approach The Bahnsen Group employs to ensure proper company stewardship. Brian wraps up by promising more economic insights in the next day’s episode.
00:00 Introduction and Market Overview
00:38 Economic Calendar Highlights
00:59 Labor Market Insights
01:33 Consumer Confidence and Manager Meetings
01:59 Focus on Market Margins
02:50 Artificial Intelligence and Productivity
03:16 Proxy Voting and Index Investing
04:36 Conclusion and Next Steps
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 | Good evening and welcome the Dividend Cafe. This is Tuesday, September the 30th. Brian Saitel with you here from the Bonson Group office in the Big Apple here in New York City. |
| 0:22.6 | We had a modestly positive day, although we opened this morning negative and traded down most of the day, |
| 0:28.6 | and then before rallying here into the close. |
| 0:31.6 | And so we got an up day on Dow by 82 points. |
| 0:35.6 | We had S&P up 27 points, which these days equals about four tenths of a |
| 0:40.3 | percent. And then we had the NASDAQ up about a third of a percent. Yields on the day were |
| 0:45.9 | fairly flat. The yield curve slightly steepened, but the tenure closed at 415. There was a couple of |
| 0:51.8 | things on the economic calendar that I'll run through before getting into the meat of today's podcast. |
| 0:56.9 | But there was a Kay Schiller Home Price Index that was up about 1.8% for the month. |
| 1:03.2 | This was more or less in line. We were thinking 1.9%. |
| 1:06.9 | So cool down in housing, but still slightly positive. |
| 1:11.6 | And then you had the new jobs opening number, which we pay a lot of attention to. |
| 1:14.6 | This is that joltz figure. |
| 1:16.6 | We actually beat expectations on this number. |
| 1:19.6 | We got a 7.2 handle versus a 7.1. |
| 1:22.6 | That's important because the unemployment number is about equal now to the number of new jobs that are open. |
| 1:29.1 | So it's just a very balanced labor market right now. |
| 1:32.4 | And while there's enough slack in the labor market to warrant some Fed cuts, that's what's priced in on futures. |
| 1:38.9 | You're still saying it hang in there okay, and I'd prefer that versus bad news being good news on Fed funds rates. |
| 1:45.9 | The last thing he had on the day was the consumer confidence number was just below expectations |
| 1:50.9 | at 94 versus 96. Again, we look at that as more of a lagging indicator. We're here doing our |
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