Wednesday - September 3, 2025
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 3 September 2025
⏱️ 7 minutes
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Summary
Market Wrap-Up and Economic Insights: September 3rd Edition
In this episode of Dividend Cafe, host Brian Szytel provides a market update for September 3rd. The DOW closed slightly down, while the S&P and NASDAQ were up. Key drivers included positive legal news for major tech companies and weaker-than-expected job numbers, leading to lower interest rates. Discussions also covered factory orders, labor market conditions, and the nuances of monetary policy's impact on inflation. Brian emphasized the strength of consumer balance sheets due to resilient mortgage rates. The episode concluded with a shoutout to a recent salmon fishing trip in British Columbia.
00:00 Introduction and Market Overview
00:24 Tech Sector and Job Numbers Impact
01:08 Economic News and Fed Futures
02:13 Inflation and Interest Rates Discussion
02:52 Consumer Balance Sheets and Housing Market
04:23 Concluding Remarks and Personal Note
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. |
| 0:11.8 | Good evening and welcome back to Dividend Cafe. This is Wednesday, September the 3rd, and Brian Sightow with you here on a market that technically closed at the highs of the session, |
| 0:23.5 | although the Dow is still negative just slightly. The Dow closed down 24 points. |
| 0:28.9 | NASP was up half of a percent. Nasdaq was up 1%. And this is a reversal of what we've seen the last |
| 0:35.4 | couple of days with the rotation technically |
| 0:38.3 | from value back to growth here on the technology side. It was the largest search engine company |
| 0:44.8 | had some positive legal news and that led into the largest smartphone makers positive |
| 0:51.9 | move on the day as well. So a couple of big MagS7 names that moved positive |
| 0:55.9 | that drove the NASDAQ. On top of that, you had new job numbers come out that were weaker than |
| 1:01.7 | expected, and so you had interest rates that declined as a result of that. And so a little bit better |
| 1:06.9 | news on the tech side, a little bit lower interest rates and fixed income. And voila, |
| 1:11.6 | you get a generally positive overall day in markets volatility. It was also lower. And again, |
| 1:16.7 | we closed really close to the highs of the session. There was a couple of other pieces of economic |
| 1:22.4 | news out. We did get new factory orders that were down in July 1.1%. That was basically in line with projections, |
| 1:29.6 | and technically since last month was down almost 5%. It's a step in the right direction. But that new |
| 1:36.2 | jobs number was what was the main piece of news on the day. And while we got a 7.1 number instead of a |
| 1:42.5 | 7.3 number, that can indicate a cooling labor market. |
| 1:46.3 | I would chalk it up to modestly at most, if that's what markets are reading into this. |
| 1:51.0 | Fed futures did move higher for a September rate cut. |
| 1:53.4 | We're now 90%. |
| 1:54.5 | But just keep in mind, basically hiring and firing and layoffs are all largely unchanged here. So it's really kind of hard to paint |
| 2:04.7 | an unemployment rate at 4.2% and all these things as something that is falling out of bed because |
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