Episode 874: The Dividend Cafe Thursday - June 6, 2024
In this episode of Dividend Cafe, recorded on May 6th, the day saw minor movements in the trading markets with the Dow closing up 78 points.
In this episode of Dividend Cafe, recorded on May 6th, the day saw minor movements in the trading markets with the Dow closing up 78 points.
Market Summary and Economic Insights
In this episode of Dividend Cafe, the day saw minor movements in the trading markets with the Dow closing up 78 points, while the S&P and Nasdaq remained nearly unchanged. The 10-year yield also remained stable. Significant economic updates included the European Central Bank and Bank of Canada cutting interest rates. Initial jobless claims were slightly higher than expected but still reflect healthy employment numbers. Productivity and trade deficit data showed slight improvements. Additionally, TSA travel levels for 2024 indicated strong economic activity. The discussion also touched on the preference for goal-oriented benchmarks over traditional market benchmarks. Listeners were reminded about the upcoming non-farm payroll data and the long-form Dividend Cafe newsletter set to release the following day.
00:00 Introduction and Market Overview 00:23 European Central Bank and Interest Rates 01:03 US Economic Indicators 01:41 Travel Trends and Economic Activity 02:30 Benchmarking Dividend Portfolios 03:17 Upcoming Non-Farm Payrolls Report 03:21 Conclusion and Sign-Off
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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