The Dividend Cafe Monday - April 29, 2024

Episode 847: The Dividend Cafe Monday - April 29, 2024

Markets opened up this morning after a strong week last week and stayed up throughout the day despite a drop late day that was entirely erased by the close.

Show notes

Today's Post -

Economic Front The big economic news last week was the 1.6% annualized real GDP growth for Q1 when +2.5% had been expected. The 3.4% of Q4 (again, all these numbers are annualized, which is just how they get discussed) was not going to repeat itself, but 1.6% vs. 2.5% projected and 2.7% in the Atlanta Fed’s GDPNow model was a big step down. The positive side is that manufacturing appears to be picking up, New Orders are on the rise, and low inventories now mean more manufacturing later.

Net exports were the biggest drag (-0.9%), and, as is almost always the case, consumption was the largest contributor (+1.7%). Capex contributed just +0.4%.

The Personal Consumption Expenditures (PCE) was up +2.7% year-over-year last month, matching expectations. Personal Income rose +0.5% in March, in line with expectations.

54% of people worked at firms with less than 500 employees in 1980. That number is just over 46% now. The fertility rate in the U.S. dropped to 1.62 last year, the lowest on record. Our fertility rate has been below the 2.1 replacement level for 17 years now.

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David Bahnsen

David Bahnsen

David is the Founder, Managing Partner, and the Chief Investment Officer of The Bahnsen Group.

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