Episode 919: The Dividend Cafe Thursday - August 15 2024
Brian Szytel reports from Palm Beach, Florida, detailing a notable market rally with the Dow rising over 500 points.
Brian Szytel reports from Palm Beach, Florida, detailing a notable market rally with the Dow rising over 500 points.
Market Rally Insights: Cooler Inflation and Strong Consumer Data Fuel Optimism
In this episode of Dividend Cafe, recorded on Thursday, August 15th, Brian Szytel reports from Palm Beach, Florida, detailing a notable market rally with the Dow rising over 500 points. Despite a slight bond market sell-off, key economic indicators, including cooler-than-expected PPI and CPI numbers, and robust July retail sales led to this positive movement. The episode also touches on stronger-than-expected initial jobless claims and the impact of a cyber attack on the auto sector. Seitel discusses the potential benefits of adding bonds to portfolios amid declining interest rates and previews upcoming consumer sentiment and building permits data.
00:00 Introduction and Market Overview
00:30 Inflation and Growth Numbers
01:11 Employment Data Insights
01:49 Federal Reserve's Influence
02:11 Portfolio Diversification with Bonds
02:53 Upcoming Economic Indicators
03:10 Conclusion and Final Thoughts
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Brian Szytel is the Deputy Managing Partner and Co-CIO of The Bahnsen Group.
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