Episode 969: The Dividend Cafe Wednesday - October 30, 2024

Market Recap: Earnings, Payrolls, and Economic Data

In today's Dividend Cafe episode from October 30th, Brian Szytel provides an overview of the current market trends from West Palm Beach, Florida. The day saw a slight market downturn despite positive data on earnings and economic indicators. The ADP private payroll report exceeded expectations, with new private payroll gains at 233 compared to the expected 113. Interest rates slightly increased, closing up three basis points on the 10-year note. There was also better-than-expected preliminary third-quarter GDP growth at 2.8%, driven by consumer spending. Brian discussed market sensitivity to interest rates and the upcoming PCE inflation read and non-farm payroll report. The episode also addressed the complexities of trading around the election and a question on energy rig counts and productivity. Looking ahead, Brian will return to discuss the implications of the PCE data on the economy and markets.

00:00 Introduction and Market Overview

00:18 Economic Data Highlights

00:40 Interest Rates and Market Reactions

01:11 Upcoming Economic Reports

01:24 GDP and Consumer Spending Insights

01:58 Election Trading Strategies

02:43 Energy Sector Update

03:05 Conclusion and Upcoming Topics

Links mentioned in this episode: DividendCafe.com

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