The Dividend Cafe
The Dividend Cafe
The Bahnsen Group
The Dividend Cafe Thursday - September 5, 2024
5 minutes Posted Sep 5, 2024 at 8:42 am.
Introduction and Market Overview
Employment Numbers and Economic Indicators
Federal Reserve and Interest Rate Expectations
Conclusion and Final Thoughts
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5:08
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Show notes
Market Updates and Economic Insights: September 5th Edition
In today's episode of Dividend Cafe, Brian Szytel reports from West Palm Beach, Florida, sharing a mixed day in the markets. The Dow closed down by 219 points and the S&P fell by a third of a percent, though the NASDAQ saw a slight increase. The 10-year yield dropped 3 basis points, while the yield curve remains flat. Employment numbers showed weaker-than-expected private payroll growth for August, continuing a five-month trend of declining numbers. Other indicators such as ISM services and initial jobless claims were slightly better than expected. Looking ahead, non-farm payrolls are due tomorrow, and market expectations indicate potential rate cuts by the Fed through the end of 2025. Seitel wraps up with cautious optimism and invites audience questions.
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