Wednesday - December 10, 2025
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 570 Ratings
🗓️ 10 December 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
Post-FOMC Meeting Market Reaction and Economic Outlook - December 10, 2023
In this episode of Dividend Cafe, Brian Szytel from The Bahnsen Group in Newport Beach discusses the market's reactions to the Federal Reserve's recent actions. On December 10th, 2023, the Federal Reserve concluded its FOMC meeting, cutting rates by 25 basis points and adding to its balance sheet, which boosted both the stock and bond markets. The Dow closed up 497 points, with the S&P and Nasdaq also showing gains. Szytel explains the significance of the steepening yield curve, which signals positive economic growth, and reviews the Federal Reserve's future interest rate expectations, unemployment, inflation, and GDP projections. The episode also addresses an op-ed by Muhammad Al Arian regarding the restructuring of The Fed. Overall, the episode provides an optimistic outlook on short-term risk assets and the economy.
00:00 Welcome to Dividend Cafe
00:16 Federal Reserve Meeting Insights
00:48 Market Reactions and Performance
01:25 Understanding Yield Curves
03:28 Economic Projections and Fed Actions
04:30 Op-Ed Discussion and Final Thoughts
05:17 Conclusion and Upcoming Topics
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 into Dividend Cafe. This is Wednesday, December the 10th. |
| 0:15.0 | Brian Saitel with you from the Bonson Group here in Newport Beach, California. |
| 0:20.0 | Sunny Newport Beach, California, I might add. |
| 0:22.3 | Beautiful weather for December 10th, I'll tell you that. |
| 0:25.6 | Nice to be in California these days. |
| 0:27.6 | Upmarket across the board, basically in both stocks and bonds. |
| 0:31.6 | This was the conclusion of our Federal Reserve meeting, the FOMC meeting today. |
| 0:35.6 | They did cut rates by 25 basis points |
| 0:38.8 | while that was widely expected. I spoke about this last week, but adding to their balance sheet |
| 0:43.7 | to start growing it again to provide some liquidity in what was a somewhat stressed overnight |
| 0:48.0 | lending market is exactly what they did. And it was a little bit more than expected. And that's |
| 0:53.0 | why you saw a little rally on the stock market side after this announcement, and a little rally also in the bond market as well. |
| 1:00.9 | Dow closed up 497 points on the day, which is a little over 1% these days. |
| 1:06.4 | You had the S&P up about two-thirds of a percent. |
| 1:09.3 | You had the NASDAQ up one-third of a percent. So a big outperformance was some of the value names over some of the growth names. And then you had a steepening yield curve because you had the short end of the curve come down about seven to eight basis points. So call it two-year treasuries. We're much lower. Again, that was because of the balance sheet action I just mentioned. And then you |
| 1:28.6 | have the long end of the curve drop about two to four basis points. So the 10 year on the day was only |
| 1:33.4 | down about two basis points to 4.15. So steepening the old curve, that's usually a good sign for |
| 1:39.4 | growth in the economy. And part of that is because of what is now turned from like I said quantitative |
| 1:45.2 | tightening to now quantitative easing again so they're going to add to the |
| 1:48.4 | balance sheet at 40 billion a month and by treasuries and that fuels the liquidity |
| 1:52.8 | markets greases the gears of the credit market so to speak but that was the big |
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