467 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

    • Business
    • 4.9 • 357 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).

    The Enemy of our Enemies in the Market

    The Enemy of our Enemies in the Market

    The stock, bond, and housing markets are in pretty real distress right now as higher rates re-price risk assets, and general instability in monetary policy becomes the natural consequence of years of excess and irresponsibility.

    And yet, everyone is already talking about it, making it a far less compelling candidate for this week’s Dividend Cafe. I have covered plenty on monetary policy this year and it will remain a primary macroeconomic focus in my shop for years to come. And as far as the general equity market distress playing out, I do think a general primer on bear markets next week will be useful (I have already begun writing it in my head).

    But this week, I believe we are due for a topic that may be more dramatic than even stock market volatility, inflation, or Fed breakage. I think that through the lenses we normally think about various international affairs, particularly as it pertains to countries we consider enemies of the United States, we are missing some economic and market-sensitive ramifications that will be important to better understand.

    So grab your globe but not your passport, and let’s devote this week’s Dividend Cafe to a few matters of international significance. I confess up front that it may not all cheer you up, but I can promise you this: It is not going to be the standard level of depth you are often exposed to.

    Let’s dive deeper, and jump in, to the Dividend Cafe …

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

    • 25 min
    The DC Today - Thursday September 22, 2022

    The DC Today - Thursday September 22, 2022

    The market really doesn’t want to close strong these days, going from +100 to -100 in the last ten minutes of trading today.

    MARKET ACTION

    Dow: -107 points (-0.35%)
    S&P: -0.84%
    Nasdaq: -1.37%
    10-Year Treasury Yield: 3.71% (+20 basis points!)
    Top-performing sector: Health Care (+0.51%)
    Bottom-performing sector: Consumer Discretionary (-2.16%); now down -27% on the year, just 1% away from the down -28% of Technology but not nearly as bad as -36% Communication Services
    WTI Crude Oil: $83.45/barrel (+0.60%)
    Key Economic Points of the Day:

    The Bank of Japan left their policy rate unchanged (as expected)
    Initial jobless claims came in again at just 213,000, and last week, it was revised down to 208,000. The four-week average is now the lowest since early June.

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

    • 13 min
    The DC Today - Wednesday September 21, 2022

    The DC Today - Wednesday September 21, 2022

    I’d love to say “Fed comments caused the market to drop today” but it would be untrue. Within seconds of the Fed release the market went from +200 to -200, but then the market went back to +250, and that was all AFTER the Fed announcement, the release, and the Powell press conference. THEN, after all that, the market unraveled into the final thirty minutes of trading.

    Dow: -522 points (-1.70%)
    S&P: (-1.71%)
    Nasdaq: (-1.79%)
    10-Year Treasury Yield: 3.53% (-4 basis points)
    Top-performing sector: Consumer Staples (-0.34%)
    Bottom-performing sector: Consumer Discretionary (-2.37%)
    WTI Crude Oil: $83.04/barrel (+0.12%)
    Key Economic Point of the Day: Existing home sales dropped -0.4% in August and are down -19.9% from a year ago

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

    • 16 min
    The DC Today - Tuesday September 20, 2022

    The DC Today - Tuesday September 20, 2022

    A volatile day to the downside in markets today as traders await comments from the Fed tomorrow and as bond yields bring down risk asset valuation.

    Dow: -313 points (-1.01%)
    S&P: -1.13%
    Nasdaq: -0.95%
    10-Year Treasury Yield: 3.56% (+7 basis points)
    Top-performing sector: Technology (-0.51%)
    Bottom-performing sector: Real Estate (-2.57%)
    WTI Crude Oil: $84.16/barrel (-1.38%)
    Key Economic Point of the Day: Housing starts came in at 1.575 million annualized for the month of August, a whopping 125k above expectations. Nearly all of the excess vs. expectations were in multi-family, with single-family coming in the second lowest since mid-2020.

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

    • 19 min
    An Updated Outlook on Energy

    An Updated Outlook on Energy

    It is not accidental that I write so much about the Energy sector. First and most applicable, we are big energy investors at The Bahnsen Group, carrying an allocation in our Core Dividend portfolio that is triple the weight that the S&P 500 has. What is happening in energy markets has profound relevance for the economy at large, for all people in their everyday lives, and across all national borders. Few things are more globally relevant than access to energy.

    But if I am being totally honest, even apart from the large financial exposure we have to the energy space, I love this subject because energy fascinates me. It should fascinate anyone who spends just sixty seconds thinking about the fact that natural resources around for thousands of years with almost no known utility have created a more significant increase in the quality of life for more people than anything under the sun. “Transformed energy” sits at the heart of all economic activity, as my friend Louis Gave is fond of saying.

    You cannot destroy energy, which is both a law of the universe most of us learned in elementary school and, these days, apparently a vital message for investors. In the physical universe, it merely means energy is constantly changing – usually for the purpose of doing work – but in the investing world, I believe it means something different but perhaps not entirely disconnected.

    So let’s do a little autumn analysis of the energy sector, where we are, where we may be going, and see what may edify us in the discussion. Let’s jump into the Dividend Cafe …

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

    • 27 min
    The DC Today - Thursday September 15, 2022

    The DC Today - Thursday September 15, 2022

    Special thanks to all who have reached out to say how much they like and appreciate the new format. Between the addition of a podcast, a video, a transcription of the podcast, and the continuation of a daily written synopsis, along with the legacy version on Monday and the real meat of Dividend Cafe on Friday, I think the vast majority of readers have been extremely positive in their feedback. Ironically, the one or two nasty emails we got (you should see the stuff my communications team receives sometimes) were not even from clients, soooooo …. I do recognize that sometimes people like routine and familiarity (I am one of them), but change is part of life, and these changes were done to add mediums that are most popular and sought after, and to harmonize the workload with the reality of someone who has worked 16-18 hours per day for 25 years. Beyond that, I’m pretty much done talking about it …

    Okay – off we go!

    MARKET ACTION

    Dow: -173 points (-0.56%)
    S&P: (-1.13%)
    Nasdaq: (-1.43%)
    10-Year Treasury Yield: 3.45% (+3.7 basis points)
    Top-performing sector: Health Care (+0.55%)
    Bottom-performing sector: Energy (-2.54%)
    WTI Crude Oil: $85.30/barrel (-3.62%)
    Key Economic Point of the Day:

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

    • 8 min

Customer Reviews

4.9 out of 5
357 Ratings

357 Ratings

Ann'22 ,

David delivers valuable lessons

Thank you for the investing insights -so well done.

khsaggie ,

Thumbs up

👍👍👍👍👍

GaPeach83 ,

So Good!

He simplified concepts and puts all the noise into perspective. Although he does not give financial advise in terms of individual stocks, listening to this podcast has made me money by making me a better investor. It also helps me sleep but putting my mind at ease with all the market volatility.

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