Episode 980: The Dividend Cafe Thursday - November 14, 2024
Comments from Jay Powell suggesting a cautious approach to cutting rates contributed to some late-day selling pressure.
Comments from Jay Powell suggesting a cautious approach to cutting rates contributed to some late-day selling pressure.
Market Recap and Economic Insights: November 14th Edition
In this episode of Dividend Cafe, Brian Szytel provides a market recap for Thursday, November 14th. Stocks had a generally negative day with the Dow down 207 points and the S&P and Nasdaq down around six-tenths of a percent. The bond market remained flat. Comments from Jay Powell suggesting a cautious approach to cutting rates contributed to some late-day selling pressure. Economic updates included inflation figures with the PPI showing a 2.4% year-over-year increase and initial jobless claims at 217,000. The episode also discusses the impact of shelter costs on CPI and touches on property tax assessment issues relevant to California residents. Tune in for more insights and stay informed about the economic landscape.
00:00 Introduction and Market Recap
00:30 Federal Reserve and Interest Rates
01:02 Economic Indicators and Inflation
01:43 Job Market and Economic Growth
02:05 Shelter Costs and CPI Calculation
03:32 California Property Tax Assessment
04:11 Conclusion and Upcoming Content
Links mentioned in this episode: DividendCafe.com
Brian Szytel is the Deputy Managing Partner and Co-CIO of The Bahnsen Group.
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