Wednesday - March 11, 2026
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 569 Ratings
🗓️ 11 March 2026
⏱️ 9 minutes
🧾️ Download transcript
Summary
On March 11 from West Palm Beach, Brian Szytel reports a mostly negative but relatively benign market day amid volatility tied to Iran, the Strait of Hormuz, and surging energy prices (Brent ~$92.77, WTI ~$88.29). February CPI came in as expected: headline +0.3% and core +0.2%, with year-over-year headline 2.4% and core 2.5%; he notes current oil moves could have lifted year-over-year inflation to ~2.8–2.9%, though de-escalation or large IEA releases could offset. He highlights shelter’s lagging but cooling impact (rent measures up just 0.1–0.2%), important given shelter’s 35% CPI weight versus energy’s 7%. He discusses a new Fed chair in May aiming to cut short rates while shrinking the balance sheet, arguing productivity gains from AI and weaker labor data support easing. He also answers that TBG charges no extra external fees for alternative funds beyond internal fund expenses.
00:00 Market Recap and Volatility
00:44 Energy Prices and CPI Print
01:30 Oil Shock Scenarios and Offsets
02:34 Shelter Inflation Finally Cools
03:35 New Fed Chair and Rate Path
05:00 Alternative Funds Fees Explained
06:35 Wrap Up and Next Update
Links mentioned in this episode: DividendCafe.com
Transcript
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| 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. |
| 0:10.0 | Welcome back in to Dividend Cafe this Wednesday, March the 11th, Brian Saitel. I'm your host here from our West Palm Beach, Florida office. |
| 0:28.3 | On mostly negative in the stock market today, overall, we had the Dow closed down about 289 points. |
| 0:33.6 | S&P was pretty flat, down just five, and the NASDAQ was just slightly positive. |
| 0:41.3 | So continued volatility around what's going on with Iran and what's going on with energy prices and what's going on with the Strait of Hormuz. And with that, like I said, markets have actually been quite benign in this thing. |
| 0:45.3 | They're only down a couple percentage points, one to two, since this thing began. |
| 0:50.3 | So directionally, that's not what's happening. |
| 0:52.3 | Volatility is what's happening and also huge volatility in the energy paradigm. |
| 0:57.0 | So Brent today closed. |
| 0:58.3 | I'm looking at it now at 92 77 and WTI was 8829. |
| 1:04.0 | So both of those who moved significantly higher. |
| 1:06.8 | And it's meaningful for today's report. |
| 1:09.7 | And I'm going to go through that because today we got the CPI number. |
| 1:13.1 | So this is a fresh read on inflation. |
| 1:15.0 | It's through February, which technically this thing began just after this report. |
| 1:20.7 | So the numbers are good. |
| 1:22.4 | They came out right in line. |
| 1:23.9 | We got a 0.3% for headline and then a 0.2% for core when you stripped out food and energy. |
| 1:31.5 | So that puts year over year on headline at 2.4 and on core at two and a half. |
| 1:35.9 | So not quite at the fed's 2% target, but I'm going to call it horseshoes and hand grenade type of close there. |
| 1:40.9 | It's getting pretty darn close there. |
| 1:42.5 | That said, if you were to put in |
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