Market Update and Economic Insights on Dividend Cafe - August 19
In this episode of Dividend Cafe, host Brian Szytel provides an update on the market activities of Tuesday, August 19. He discusses the mixed performance of major indices, with the DOW closing slightly up, while the S&P and Nasdaq experienced declines. Brian highlights a notable sell-off in technology stocks and mentions how value stocks outperformed. He also covers economic news, particularly around housing starts, and the complicated sentiment among home builders due to interest rates and affordability concerns. Additionally, he answers questions on the Federal Reserve's balance sheet and its impact on inflation, and the role of money supply and velocity in measuring inflation. Brian concludes with a recap of stronger-than-expected Q2 earnings, discusses expectations for Q3, and mentions the anticipated focus on employment figures and potential Fed interest rate cuts in September.
00:00 Introduction and Market Overview
00:59 Housing Market Insights
02:24 Inflation and The Fed's Balance Sheet
04:16 Q2 Earnings Recap
04:56 Looking Ahead: Employment and Fed Actions
05:05 Conclusion and Sign Off
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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