Episode 1376: Thursday - July 23, 2026
Markets Slide on Oil Shock, Tech Earnings Misses, and Rising Rates
Markets Slide on Oil Shock, Tech Earnings Misses, and Rising Rates
In this Dividend Cafe Thursday episode, Brian Szytel recaps a broad market selloff with stocks and bonds down as the Dow fell nearly 600 points, the S&P 500 dropped 1.5%, and the Nasdaq slid 2.4% while the 10-year yield rose about four basis points to 4.7%. He attributes pressure to escalating Middle East tensions after a Houthi attack in the Red Sea, driving oil sharply higher (WTI up 6% near $92 and Brent up 7% above $100), and to disappointing earnings from bellwether tech names Google and Tesla, with Google showing negative free cash flow amid heavy CapEx. He notes markets are only about 4% off highs, cautions that volatility is normal, questions the usefulness of the Shiller CAPE given decades of “overvaluation,” and highlights very strong weekly jobless claims (187, lowest since 1969), which could raise the odds of a Fed hike.
00:00 Market Wrap Overview
00:52 Oil Shock and Rates Rise
01:27 Earnings Hit Tech Leaders
02:49 Volatility and Drawdown Reality
03:36 Shiller CAPE Debate
04:06 Jobs Data and Fed Outlook
04:54 Sign Off and Disclosures
Links mentioned in this episode: DividendCafe.com
Brian Szytel is the Co-CIO and Senior Managing Director of The Bahnsen Group.
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