Episode 953: The Dividend Cafe Tuesday - October 8, 2024
Concerns loom over the upcoming election and its effects on taxes and inflation.
Concerns loom over the upcoming election and its effects on taxes and inflation.
Market Updates and Economic Concerns on October 8th
In this episode of Dividend Cafe, Brian Szytel provides an overview of the financial markets on October 8th. The Dow closed up by about 126 points, and the S&P and NASDAQ showed positive returns as well. Interest rates showed a slight downward movement, and a bond auction did not meet expectations. The NFIB Small Business Optimism Index rose marginally, but remains lower than the historical average. Concerns loom over the upcoming election and its effects on taxes and inflation. Market concerns also focus on Hurricane Milton, which has been downgraded to a category four storm but still poses a significant threat to central Florida. The U.S. trade deficit was slightly lower than expected, due to increased oil exports. The host extends thoughts and prayers to those affected in Florida and invites listener questions.
00:00 Introduction and Market Overview
00:08 Economic Calendar and Market Performance
00:44 Small Business Optimism and Economic Concerns
01:23 Hurricane Milton Update
02:01 Trade Data Insights
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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