Wednesday - July 23, 2025
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 23 July 2025
⏱️ 6 minutes
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Summary
Global Market Rally and US-Japan Trade Deal Insights
In this episode of Dividend Cafe, Brian Szytel reports from The Bahnsen Group's New York City office on a broad-based market rally occurring on July 23rd. Key highlights include the positive impact of finalized trade deals between the US and Japan, and the US and EU. US markets experienced a nearly 1% increase, while Japan's Nikkei saw a 3.5% rise. Fixed income prices dipped slightly as yields rose. The Atlanta Fed's business inflation expectations decreased marginally, while existing home sales in the US fell 2.7% for June. The US-Japan trade deal, featuring a 15% tariff rate and a substantial investment from Japan, is seen as a significant achievement. The episode concludes with insights on ongoing market valuations and upcoming economic indicators.
00:00 Introduction and Market Overview
00:20 Global Market Rally
00:27 US-Japan Trade Deal
01:19 Economic Calendar Highlights
02:48 US-Japan Market Discount Analysis
04:03 Conclusion and Upcoming Events
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 to Dividend Cafe. This is Wednesday, July 23rd, Brian Saitel with you here from our New York City office of the Bonson Group. |
| 0:22.6 | On a fairly broad-based rally today across the board, I'm actually recording this just a little bit before market closed, so give me some grace here on the exact figures. |
| 0:32.6 | But across the globe, essentially both Europe, Asia, and the U.S. were all positive, and this is all based |
| 0:39.2 | around a trade deal and deals that are in the works and finalized coming down the pike between |
| 0:46.1 | the U.S. and Japan and also the U.S. and the EU. As we mentioned the other day, there was deals |
| 0:52.5 | that were constructive and made between |
| 0:55.2 | Philippines and India. So this administration is trying to get some of these things completed |
| 1:00.4 | before both the August 1st deadline that they've given and some of the others that they floated |
| 1:05.8 | out there. But across the board, U.S. markets were up nearly 1%. The Nikai, which is the Japanese equity market, was up somewhere near 3.5% by the close. |
| 1:16.8 | And on the day, you had fixed income that sold off a little in price, and you had yields rise here a bit. |
| 1:23.5 | As of now, we've got 10-year four basis points at 439 on the day. |
| 1:28.4 | So across the board, rally pretty much in risk assets. |
| 1:31.8 | A couple of pieces of news in the economic calendar that was out today. |
| 1:36.4 | In addition to the U.S. and Japan deal, you also had the Atlanta Fed business inflation expectation come down a little bit. So a little cooler |
| 1:45.1 | inflation expectations on the business front out of that Fed, which was positive, went down from |
| 1:50.3 | 2.4 to 2.3. And then he had existing home sales that disappointed, actually. They were down |
| 1:56.1 | 2.7% in June, although that was just barely below the expectation of about $4 million for the month. |
| 2:03.1 | We got 3.93. |
| 2:04.5 | So I'll call that almost in line, but a bit of a decline. |
| 2:07.9 | That said, you have the median single family home sale price at 441, which was still up 2% |
| 2:13.0 | year over year. |
... |
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