Episode 1408: Tuesday - September 8, 2026

Brian Szytel reviews a down day in markets after Labor Day, noting the Dow fell 628 points while the S&P 500 and Nasdaq also declined, though the Dow remains up over 10% year-to-date. Oil prices rose (WTI near $93.6, Brent near $98) amid heightened US-Iran/Middle East tensions, lifting inflation expectations and interest rates and raising concern about energy as a consumption “tax.” He highlights NFIB small business optimism at 98.7 and points to Friday’s CPI as the key market-moving event. He discusses the strong nonfarm payrolls report (162,000 vs. ~58,000 expected) alongside discrepancies with private payroll measures, with unemployment around 4.1% and the Fed seen as having a ~60% chance of a September hike amid a split committee and upcoming midterms. He also addresses client concerns about the Hugging Face incident and argues AI will both strengthen and intensify cybersecurity threats, with costs ultimately passed to consumers.

00:00 Market Wrap Kickoff

00:38 Oil Spike And Inflation

01:13 Key Data And CPI Watch

01:38 Jobs Report Breakdown

02:51 Fed Rate Hike Odds

03:28 Cybersecurity And AI Risks

04:47 Closing Thanks

Links mentioned in this episode: DividendCafe.com

TheBahnsenGroup.com