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The Dividend Cafe is your portal for market perspective that is virtually conflict-free, rooted in deep philosophical commitments about how capital should be managed, and understandable for all sorts of investors. Host David L. Bahnsen is a frequent guest on CNBC, Bloomberg, and Fox Business. He is the author of the books, Crisis of Responsibility: Our Cultural Addiction to Blame and How You Can Cure It (Post Hill Press) and The Case for Dividend Growth: Investing in a Post-Crisis World (Pos ...
 
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Today we are one day closer to cutting into that turkey, enjoying some homemade gravy, and spending some quality time with those nearest and dearest to us. A great time of the year to be grateful, and I, Trevor Cummings, am personally grateful to be filling in for David Bahnsen today. I wish you all a wonderful Thanksgiving, and I encourage you to …
 
I actually hate the title this week, because the word “stupid” really is pretty mean. I try not to be mean because I think it is wrong to be mean (I can elaborate if needed). However, in this case, when James Carville famously said, “it’s the economy, stupid,” in the context of what voters cared about in the 1992 election, he basically created a ne…
 
Another volatile day with the Dow closing flat after being down nearly -400 points. More to say here: MARKET ACTIONDow: -7 points (-0.02%) – had been down over -300 points at the low and -400 pre-marketS&P: -0.31%Nasdaq: -0.35%10-Year Treasury Yield: 3.76% (+7 basis points)Top-performing sector: Technology (+0.21%) and Energy (+0.12%)Bottom-perform…
 
It was a very choppy (up-down) day in markets, to say the least. The chart itself is testimony to how much the market could not make its mind up today. A few nuggets to chew on here … MARKET ACTION Dow: -39 points (-0.12%)S&P: -0.83%Nasdaq: -1.54%10-Year Treasury Yield: 3.69% (-11 basis points)Top-performing sector: Utilities (+0.87%) – only other …
 
MARKET ACTIONDow: Up +56 points (+0.17%)S&P: +0.87%Nasdaq: 1.45%10-Year Treasury Yield: 3.76% (- 10 basis points)Top-performing sector: Communication Services (+1.78%)Bottom-performing sector: Materials (-0.11%)WTI Crude Oil: $86.86/barrel (+1.15%)Key Economic Point of the Day: The Producer Price Index only rose +0.2% in October, half of the +0.4% …
 
Greetings from Nashville, Tennessee, where I will be necessarily giving you a shorter Dividend Cafe today, but one you may find quite interesting nonetheless. I am sure some of you would prefer we just stay out here in Nashville. But alas, we live in crazy times. And speaking of crazy, I want to talk today through a few charts, quickly, that cover …
 
MARKET ACTION Dow: +334 points (+1.02%)S&P: +0.56%Nasdaq: +0.49%10-Year Treasury Yield: 4.13% (-8.4 basis points)Top-performing sector: Materials (+1.68%)Bottom-performing sector: Consumer Discretionary (-0.30%) – only negative sectorWTI Crude Oil: $88.55/barrel (-3.53%) Key Economic Point of the Day:The October NFIB Small Business Optimism Index f…
 
Market Action Futures opened down nearly -200 points last night but got back nearly to the flat line by bedtime as Japan and Hong Kong markets were rallying. Then this morning, futures pointed to a +170-point open pre-market.The market opened +80 points and went steadily higher throughout the day.The Dow closed up +424 points (+1.31%), with the S&P…
 
I appreciated the very kind words I received about last week’s lengthy Dividend Café, and hope the message coming out of that annual week of meetings was clear and useful for readers. I struggled with where to take Dividend Café this week as last week’s covered so many topics, the Fed’s announcement this week was no real surprise at all, and I desi…
 
MARKET ACTION Dow: -146 points (-0.46%)S&P: -1.06%Nasdaq: -1.73%10-Year Treasury Yield: 4.15% (+9 basis points)Top-performing sector: Energy (+2.04 xxx%)Bottom-performing sector: Technology (-3.00%) and Communication Services -2.83%WTI Crude Oil: $87.95/barrel (-2.29%)Key Economic Point of the Day: 1.485 million continuing claims (up 47k, most sinc…
 
I would have to go back and look at the exact shape but I believe the market action today was quite identical to the last time the Fed announced a known rate hike, where the market bad been down, rallied huge to the upside on the news, sold off substantially, rallied all the way back, then sold off into the close with no new news. It’s all just so,…
 
MARKET ACTION Dow: -80 points (-0.24%)S&P: -0.41%Nasdaq: -0.89%10-Year Treasury Yield: 4.04% (-3 basis points)Top-performing sector: Energy (+0.99%)Bottom-performing sector: Communication Services (-1.81%)WTI Crude Oil: $88.57/barrel (+2.36%)Key Economic Points of the Day: ISM Manufacturing fell to 50.2, just barely in expansion mode, and the weake…
 
Futures opened basically dead flat last night and stayed there into the evening. Bright and early this morning futures pointed to a down -100 point open pre-market and it worsened from there. The market opened down -100 points or so and didn’t move much above or below that throughout the day.The Dow closed down -128 points (-0.39%) with the S&P 500…
 
I have mentioned all week how excited I am for this week’s Dividend Cafe, and now here we are. I have explained why our annual week of money manager meetings is so important before, and have written weekly recaps before as well. But this is different. This week not only comes in the midst of a bear market (as the 2008 and 2011 trips did, as well) b…
 
I returned from my meetings in Palm Beach at the end of the day yesterday and hit the ground running (both figuratively and literally) very early this morning. I love doing the DC Today. Special thanks to Brian and Trevor for filling in, and off we go with an action-packed recap of today … Market Action Dow: Up +194 points (+0.61%) – but off of a +…
 
Today was a mixed bag, where we continue to see varying results from the Dow and the Nasdaq. Some market pundits have dubbed this as value vs. growth or categorized these baskets of equities as a difference in “duration.” Regardless of how you describe it, we saw some downward pressure resulting from less-than-favorable earnings reports on a handfu…
 
We notched a third day of gains in markets today, up now 11% on the S&P from the intra-day lows a few weeks ago in a broad-based rally in both stocks and bonds, and I have plenty to go around the horn in my video and podcast links below. I have also sprinkled in a few takeaways from over 20 portfolio manager meetings last week in New York to add to…
 
Greetings from New York City, where I am two hedge fund meetings away today from being done with a week of extraordinary meetings, insights, and collaboration with our portfolio management partners. Some key takeaways are being summarized for next week, and a deliverable will be made available. More importantly, c It has been everything I hoped it …
 
Trevor Cummings here, and I am honored to be joining you for the third day in a row. As mentioned yesterday, David Bahnsen will be back tomorrow with his weekly commentary – Dividend Cafe. Additionally, I invite you to subscribe to my weekly writings at thoughtsonmoney.com.Now, off to the updates from this busy Thursday market day… Dow: -91.01 (0.3…
 
Welcome to DC Today where I, Trevor Cummings, will be your guest host again on this fine Wednesday. Please join me for the video or podcast (links below), as there is quite a bit to cover and discuss today. David Bahnsen will be back on Friday with his normally scheduled program – Dividend Cafe Dow: -98.54 (-0.32%)S&P: -0.66%Nasdaq: -0.85%10-Year T…
 
This is Trevor Cummings joining you as your guest host on DC Today. You can find my weekly commentary at www.thoughtsonmoney.com. Also, please join me for the DC Today video and podcast – see below. Market Action Dow: +341.67 (1.13%)S&P: 1.16%%Nasdaq: 0.9%10-Year Treasury Yield: 3.994% (+2 basis points)Top-performing sector: Industrials (+2.36%)Bot…
 
Greetings from the world’s greatest city where we kicked off money manager meeting week with significant discussions with the CIO, the taxable fixed income team, and the levered loan group at Voya, and this afternoon met with the real estate team, private equity group, and head real estate folks at Blackstone. It won’t be this many meetings every d…
 
I hear often from investors who are focused on the “fun” parts of risk-asset investing that they “don’t care” about the bond market. Truth be told, it doesn’t do a lot to excite me, either. Most professional bond managers I know seem to be borderline Communists (just kidding), and the bond market itself lacks the human action that I believe is embe…
 
Okay, so one of the largest intra-day market moves on record (from down -550 to up +950 – a 1,500 bottom-to-top move today). So there is market action AND inflation/economic action to unpack, and you have come to the right place: MARKET ACTION Dow: Up +828 points (+2.83%) – was down -550 points at the lowS&P: +2.60%Nasdaq: 2.23%10-Year Treasury Yie…
 
The market zigged and zagged all day and was down -100 and up +200 before closing down a tad in the final minutes of trading. Lots to say about the Bank of England in today’s podcast … MARKET ACTION Dow: -28 points (-0.10%)S&P: -0.33%Nasdaq: 0.09%10-Year Treasury Yield: 3.89% (- 4 basis points)Top-performing sector: Energy (+0.75%)Bottom-performing…
 
An odd day (old school) as the Dow started down a bit, rallied way higher (up +400 points at one point), fell into negative territory, then closed up +36 as old-guard defensive sectors did very well (Real Estate, Consumer Staples, Health Care) and the cool stuff got hit. More to say on everything here. MARKET ACTION Dow: +36 points (+0.12%)S&P: -0.…
 
I am not sure I have complained enough about the absurdity of having a day when the stock market is open and the bond market is not. Columbus Day is this odd anomaly where they honored the great explorer in financial markets in the most convoluted way possible – by taking away banking transactions and bond activity but by having stock exchanges ope…
 
I wouldn’t say that I like this, but I would say that I understand it. But last week’s Dividend Cafe was, in just a few days, the most widely read Dividend Cafe I have ever written. I hope that is because clients and readers flocked to the philosophical takeaways of a deeper reflection on bear markets like the one we are in now. But I know that the…
 
A little market move down today – nothing to write home about. But more information on big picture you will want to listen to right here … MARKET ACTION Dow: -347 points (-1.15%)S&P: -1.02%Nasdaq: -0.68%10-Year Treasury Yield: 3.83% (+7 basis points)Top-performing sector: Energy (+1.82%) – fourth day in a rowBottom-performing sector: Utilities (-3.…
 
MARKET ACTION Dow: -42 points (-0.14%)S&P: -0.20%Nasdaq: -0.25%10-Year Treasury Yield: 3.75% (+13 basis points)Top-performing sector: Energy (+2.06%) – third day in a row top sectorBottom-performing sector: Utilities (-2.25%)WTI Crude Oil: $87.97/barrel (+1.69%)Key Economic Point of the Day: ISM Non-Manufacturing (Services) came in at 56.7, still w…
 
The second violent rally day in a row took place today, with the market up nearly +6% to start off October, erasing all of the downturn of the last ten days of September (for now). More to say in our daily podcast, of course! MARKET ACTION Dow: +825 points (+2.80%)S&P: +3.06%Nasdaq: +3.34%10-Year Treasury Yield: 3.63% (-2.2 basis points)Top-perform…
 
A big rally day after a bloodbath week in markets. Lots to say on markets and more markets today. The thing most on everyone’s mind right now is surely the raging bear market (in both stocks and bonds). I addressed it thoroughly in Friday’s Dividend Cafe and really encourage you to read it here. The weekly video is here, and the same comments from …
 
Today’s Dividend Cafe is sort of the reason the Dividend Cafe started. I didn’t call it Dividend Cafe back then, I didn’t have a website for it, I didn’t post it on social media, it wasn’t re-published on a multitude of financial websites, there was no podcast, there was no video, and it didn’t have nearly 20,000 subscribers. In fact, there couldn’…
 
We reversed much, although not all, of yesterday’s broad-based rally in today’s market sell-off – what one day giveth another taketh away. I unpack it all in a deep capital markets dive for you in today’s video and podcast links below that you’ll not want to miss. Dow: -458 points (-1.54%)S&P: -2.11%Nasdaq: -2.84%10-Year Treasury Yield: 3.77% (down…
 
A rally day on Wall Street and a thorough explanation in today’s DC Today podcast! MARKET ACTION Dow: +549 points (+1.88%)S&P: +1.97%Nasdaq: +2.05%10-Year Treasury Yield: 3.73% (-23 basis points)Top-performing sector: Energy (+4.40%)Bottom-performing sector: Technology (+0.92%) – worst sector still up by almost 1%, and this was heavily weighed down…
 
This is a long DC Today with a lot more market talk than you are used to, largely because the “legacy” version is only one day a week and I am purposely trying to pack a lot in. The last week has been brutal for markets and I have a lot to say today to quantify it, and a lot coming Friday in Dividend Cafe to qualify it. I was the market guest on Ma…
 
The stock, bond, and housing markets are in pretty real distress right now as higher rates re-price risk assets, and general instability in monetary policy becomes the natural consequence of years of excess and irresponsibility. And yet, everyone is already talking about it, making it a far less compelling candidate for this week’s Dividend Cafe. I…
 
The market really doesn’t want to close strong these days, going from +100 to -100 in the last ten minutes of trading today. MARKET ACTION Dow: -107 points (-0.35%)S&P: -0.84%Nasdaq: -1.37%10-Year Treasury Yield: 3.71% (+20 basis points!)Top-performing sector: Health Care (+0.51%)Bottom-performing sector: Consumer Discretionary (-2.16%); now down -…
 
I’d love to say “Fed comments caused the market to drop today” but it would be untrue. Within seconds of the Fed release the market went from +200 to -200, but then the market went back to +250, and that was all AFTER the Fed announcement, the release, and the Powell press conference. THEN, after all that, the market unraveled into the final thirty…
 
A volatile day to the downside in markets today as traders await comments from the Fed tomorrow and as bond yields bring down risk asset valuation. Dow: -313 points (-1.01%)S&P: -1.13%Nasdaq: -0.95%10-Year Treasury Yield: 3.56% (+7 basis points)Top-performing sector: Technology (-0.51%)Bottom-performing sector: Real Estate (-2.57%)WTI Crude Oil: $8…
 
It is not accidental that I write so much about the Energy sector. First and most applicable, we are big energy investors at The Bahnsen Group, carrying an allocation in our Core Dividend portfolio that is triple the weight that the S&P 500 has. What is happening in energy markets has profound relevance for the economy at large, for all people in t…
 
Special thanks to all who have reached out to say how much they like and appreciate the new format. Between the addition of a podcast, a video, a transcription of the podcast, and the continuation of a daily written synopsis, along with the legacy version on Monday and the real meat of Dividend Cafe on Friday, I think the vast majority of readers h…
 
The day after the market sell-off you had a small move higher in each equity index but I unpack it all and then some here … MARKET ACTION Dow: +30 points (+0.10%)S&P: +0.34%Nasdaq: +0.74%10-Year Treasury Yield: 3.41% (- 1 basis point)Top-performing sector: Energy (+2.85%)Bottom-performing sector: Real Estate (-1.39%)WTI Crude Oil: $88.68/barrel (+1…
 
The Consumer Price Index (Headline CPI) came in +8.3% over where it was a year ago. Core CPI (which excludes food and energy) came in at +6.3% versus a year ago. Food prices and the lagging effect of shelter cost put upward pressure on prices while energy prices and used cars put downward pressure on prices. TheDCToday.comDividendCafe.comTheBahnsen…
 
It’s pretty anti-climactic that I announce the new DC Today plans on Thursday and then we get to Monday and … it’s the same DC Today you are used to … But that is the idea – no difference in the written program for DC Today on Monday, but with the addition of this daily podcast (and video) … TheDCToday.comDividendCafe.comTheBahnsenGroup.com…
 
I first want to thank everyone for the extremely positive feedback last week on the somewhat unique Dividend Cafe juxtaposing USC football and markets. It was fun to write and, at least for some of you, appears to have been fun to read. But for those who prefer the serious stuff, we are back to normal this week, and I think it is time I cover a top…
 
Why in the world would I waste the precious soundwaves of Dividend Cafe to recap day-by-day market action when this hallowed ground is supposed to be reserved for what actually matters in markets (and life)? Because we are entering football season, of course, and how this all connects is about to be readily apparent to you. DividendCafe.comTheBahns…
 
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