The Dividend Cafe
The Dividend Cafe
The Bahnsen Group
Thursday - July 23, 2026
6 minutes Posted Jul 23, 2026 at 8:11 pm.
Market Wrap Overview
Oil Shock and Rates Rise
Earnings Hit Tech Leaders
Volatility and Drawdown Reality
Shiller CAPE Debate
Jobs Data and Fed Outlook
Sign Off and Disclosures
0:00
6:49
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Show notes
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.
Links mentioned in this episode:
DividendCafe.com
TheBahnsenGroup.com