254 episodes

The Dividend Cafe is your portal for market perspective that is virtually conflict-free, rooted in deep philosophical commitments about how capital should be managed, and understandable for all sorts of investors. Host David L. Bahnsen is a frequent guest on CNBC, Bloomberg, and Fox Business. He is the author of the books, Crisis of Responsibility: Our Cultural Addiction to Blame and How You Can Cure It (Post Hill Press) and The Case for Dividend Growth: Investing in a Post-Crisis World (Post Hill Press).

The Dividend Cafe The Bahnsen Group

    • Investing
    • 4.8, 155 Ratings

The Dividend Cafe is your portal for market perspective that is virtually conflict-free, rooted in deep philosophical commitments about how capital should be managed, and understandable for all sorts of investors. Host David L. Bahnsen is a frequent guest on CNBC, Bloomberg, and Fox Business. He is the author of the books, Crisis of Responsibility: Our Cultural Addiction to Blame and How You Can Cure It (Post Hill Press) and The Case for Dividend Growth: Investing in a Post-Crisis World (Post Hill Press).

    First Things and Humility

    First Things and Humility

    I am constantly challenging myself to get my applications of “first things” right in the investment world, but my principles themselves are not constantly changing. I say that with pride. The challenge that exists for the investment professional who has done the work of developing operative principles is to constantly evaluate their application of said principles, to alter, change, adjust, or modify as needed. And here is the other piece to that: To thoughtfully consider what it would mean to their client’s capital if they were wrong. Investing client funds as if one can not be wrong in investment application/execution/implementation is the height of arrogance. The humility to constantly check one’s work and one’s strategic thinking is a money-saving character trait. Sometimes it gets forced upon you in my business.

    So this week’s Dividend Cafe focuses on many first principles in investing, and many beliefs we have about executing on our principles. But it also hopefully reflects the humility that is needed in risk management.

    Links mentioned in this episode:
    DividendCafe.com
    TheBahnsenGroup.com

    • 36 min
    Daily Covid and Markets Podcast - Wednesday May 28

    Daily Covid and Markets Podcast - Wednesday May 28

    The market pointed to a modest up opening this morning in the overnight futures, and it did just that. And the market stayed up ~100-200 points throughout the day, until the final hour of trading where it went from +150 to -150. The media has reported it as a combination of news that POTUS was signing an executive order trying to reign in social media companies as well as news that the White House would hold a press conference Friday to discuss some aspect of the China relationship. I believe it was entirely the latter and not at all the former (the social media flexing was known to be coming all day, and surely the market does not see it as having a lot of teeth). The uncertainty around the China announcement was surely worth a couple hundred points …

    The weekly jobless claims came in at 2.1 million, down from the 2.5 million level of last week, and way down from the 6.9 million high level in late March, but still extremely high, and extremely sad. The number had been just 212,000 per week on average in January and February before the economic shutdown. Continuing claims, though, tallying the unemployment benefits of state programs, fell last week for the first time since the COVID moment began.

    Links mentioned in this episode:
    DividendCafe.com
    TheBahnsenGroup.com

    • 17 min
    Daily Covid and Markets Podcast - Wednesday May 27

    Daily Covid and Markets Podcast - Wednesday May 27

    First of all, please note our bi-weekly national video call this coming Monday, June 1, at 11:00am pacific time. I plan to address some things Monday I have not yet addressed through this COVID period, and invite your presence on the call.

    The market exploded 550 points higher today and is now up over 1,100 points in the last two days and ~2,500 points in less than two weeks. Without any direct news or events to explain the increase, broad-based optimism about the economic re-opening is certainly the most logical explanation. I would definitely read today’s Market Technicals for more color here.

    Links mentioned in this episode:
    DividendCafe.com
    TheBahnsenGroup.com

    • 23 min
    Daily Covid and Markets Podcast - Tuesday May 26

    Daily Covid and Markets Podcast - Tuesday May 26

    The market was up 530 points today behind extraordinary optimism in economic re-opening and directional good news on a vaccine development (more on both below – a lot on the health side). Futures had pointed to a ~300 point move higher throughout Memorial Day,and the Nikkei in Japan surged over 500 points last night (now back above 21,000). Futures in the U.S. were +500 when I woke up this morning, and the Dow was at one point +700 on the day. We closed just a pinch below the 25,000 level on the Dow

    Links mentioned in this episode:
    DividendCafe.com
    TheBahnsenGroup.com

    • 22 min
    The Sobering, Thrilling Reality of ‘Back to Normal’

    The Sobering, Thrilling Reality of ‘Back to Normal’

    And in this week's Dividend Cafe we are going to dive into a bunch of these subjects - not because they are abnormal or extraordinary, but because they are normal. The normal reality of financial markets and of being engaged in the management of such continues its beat. And though I far prefer to do my analysis and work from my office with my team versus the sub-optimal conditions of quarantine, I embrace this normalcy, and welcome the challenge of both this moment, but all future challenges and opportunities as well.

    Links mentioned in this episode:
    DividendCafe.com
    TheBahnsenGroup.com

    • 22 min
    Daily Covid and Markets Podcast - Thursday May 21

    Daily Covid and Markets Podcast - Thursday May 21

    The market was down a hundred points today, and basically stayed between flat and down one hundred all day. Oil remains around $34/barrel. Muni bonds continued about ten consecutive days of trading well. Corporates were off a tad. And syndicated loans seemed to be up a tad despite equity markets being off a tad.

    Weekly initial jobless claims came in at 2.4 million, bringing the total number to 38 million since the COVID pandemic began (~8 million of those 38 million, though, are no longer on unemployment, presumably having found new jobs or re-secured their old job).

    Links mentioned in this episode:
    DividendCafe.com
    TheBahnsenGroup.com

    • 20 min

Customer Reviews

4.8 out of 5
155 Ratings

155 Ratings

Amazzamom ,

Informative

Definitely a must listen for Mr. Bahnsen’s extensive study of data and generous sharing.

Digijim1 ,

Best Finance Podcast

I love the way David leads the discussion but invites all opinions from his informed team. Very helpful for a non-finance guy like myself to get a more educated view on what’s happening in the markets, including thoughts on global as well as domestic variables. Definitely worth my time!

bill_on ,

Sound investment commentary for long term investors. Practical advice without prejudice.

Knowledgeable with a clear presentation on current issues pertinent for any and every investor.

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