Episode 973: The Dividend Cafe Tuesday - November 5, 2024
On Tuesday, November 5th, Brian Szytel provides a market update
On Tuesday, November 5th, Brian Szytel provides a market update
Election Day Market Update: Positive Movements and Economic Insights
On Tuesday, November 5th, Brian Szytel provides a market update from West Palm Beach, Florida. Despite the busyness of election day, the markets showed positive movement, with the Dow rising 427 points, the S&P up 1.25%, and the Nasdaq up 1.4%. Bond yields also saw a slight drop. An anecdote features a sighting of Trump's motorcade. Economic highlights include a strong ISM services number for October, the highest in two years, and a notable increase in the trade deficit for September. The mix of higher growth and lower inflation figures contributed to the day's market optimism.
00:00 Introduction and Market Overview
00:40 Election Day Anecdote
01:14 Economic Data Highlights
01:51 Trade Deficit Insights
02:23 Conclusion and Sign Off
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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