Episode 1234: Thursday - December 11, 2025

Market Overview and Insights on Private Credit – December 11, 2025

In this episode of Dividend Cafe, Brian Szytel provides an update on the financial markets from the Newport Beach office of The Bahnsen Group. The DOW closed up by 646 points, while the S&P had modest gains and NASDAQ saw a slight decline. Szytel discusses the rotation from growth to value sectors, the recent actions of the Federal Reserve, and their impacts on the market. He also covers upcoming deregulatory changes and tax cuts, a weakening labor market, and concerns about overstated employment numbers. Additionally, he answers a listener question about payment-in-kind (PIK) in private credit, explaining the risks and how such loans are typically managed. He concludes by emphasizing the past three years' market performance and the potential for slower growth ahead.

00:00 Introduction and Market Overview

00:14 Stock Market Performance

01:13 Bond Market Insights

01:35 Federal Reserve Actions and Economic Impact

03:15 Corporate Profits and Economic Outlook

04:10 Private Credit and Payment in Kind (PIK)

06:18 Conclusion and Final Thoughts

Links mentioned in this episode: DividendCafe.com

TheBahnsenGroup.com