Episode 946: The Dividend Cafe Thursday - September 26, 2024
Brian discusses recent stimuli enacted by the People's Bank of China to spur economic growth, including lowering mortgage and deposit rates.
Brian discusses recent stimuli enacted by the People's Bank of China to spur economic growth, including lowering mortgage and deposit rates.
Market Recap and China's Economic Stimulus
In this episode of Dividend Cafe, Brian Szytel reports from West Palm Beach, Florida on a generally positive market day. He discusses recent stimuli enacted by the People's Bank of China to spur economic growth, including lowering mortgage and deposit rates. China faces deflation with PPI at -1.8% and significant real estate declines. Despite market weaknesses, global GDP remains relatively stable at 3%. U.S. jobless claims slightly beat expectations, third-quarter GDP remains unchanged at 3%, and durable goods orders exceeded expectations. Chinese stock performance and its impact on U.S. markets are also examined.
00:00 Introduction and Market Overview
00:24 China's Economic Stimulus and Its Impact
00:43 Detailed Analysis of China's Economic Indicators
01:46 Global Market Reactions and Future Outlook
02:22 US Economic Data and Market Performance
02:57 Closing Remarks and Upcoming Events
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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