Wednesday - August 13 , 2025
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 13 August 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
Market Insights: Follow-Through, Treasury Secretary Speaks, and Housing Resurgence
In this August 13th episode of Dividend Cafe, Brian Szytel from The Bahnsen Group provides a detailed market update from Newport Beach, California. He discusses recent market trends, including significant market breadth with a six-to-one advance-decline ratio. Brian also covers Treasury Secretary Bessant's comments on a potential Fed rate cut and the search for new Fed candidates. He highlights the resurgence in the small-cap sector and notes an uptick in housing activity despite affordability challenges. Brian addresses a common query about The Bahnsen Group's ability to manage assets for international clients and previews forthcoming economic data releases, such as the Producer Price Index, retail sales, and consumer sentiment.
00:00 Introduction and Market Overview
00:47 Treasury Secretary's Comments on Fed Policy
01:46 Small Cap Sector Insights
02:29 Housing Market Trends
04:35 International Client Queries
06:01 Upcoming Economic Data
06:53 Conclusion and Closing Remarks
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 back to Dividend Cafe. This is August 13th Wednesday, Brian Saitel with you here from our Newport Beach, California, headquarter office |
| 0:21.7 | here at the Bonson Group. |
| 0:23.4 | And another nice day here overall in markets. |
| 0:25.7 | We had some follow-through from yesterday. |
| 0:27.6 | Actually, yesterday was significantly strong as far as market breadth goes. |
| 0:32.1 | This is the advanced decline ratio that we talk about sometimes. |
| 0:35.6 | But it was a six-to- one advanced decline. That's the highest |
| 0:38.2 | since May of last year, so quite a big read to have follow through. The day after just shows you |
| 0:44.2 | that the path of least resistance remains to the upside here. And as I mentioned yesterday, |
| 0:49.2 | we don't really have a lot of meaningful data, I think, until that employment report comes out in early September. |
| 0:55.5 | But in the meantime, there was also Treasury Secretary Bessent was out today talking about |
| 1:01.1 | the Fed should consider a 50 basis point rate cut. |
| 1:04.2 | It's not his role to necessarily say that, although he's been pretty quiet on speaking |
| 1:08.7 | to what Fed policy should be. |
| 1:10.7 | After that, if you remember back in |
| 1:12.5 | April, that sort of run up in the long end of the yield curve around some of his other comments, |
| 1:17.3 | he's been quite ever since. So they are looking for new candidates. He spoke about a very wide net |
| 1:23.7 | that they're casting. There's currently 11 different candidates. I'd say there's probably |
| 1:27.7 | really one or two that is a serious contender, but I don't want to presuppose anything, but I |
| 1:34.5 | would assume that some of the reasoning behind that is to see what kind of dove they might catch, |
| 1:39.8 | frankly. But we'll see how that continues and what comes down as far as a new Fed appointment here. I don't think that'll happen anytime soon. I think you're into next year before you're going to get something finalized as far as PALS replacement. But we'll keep you posted. There was also some follow through in the small cup sector today. This has been an underloved, underowned style, |
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