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The Dividend Cafe Thursday - September 5, 2024

About this episode

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.

00:00 Introduction and Market Overview

00:40 Employment Numbers and Economic Indicators

01:58 Federal Reserve and Interest Rate Expectations

03:03 Conclusion and Final Thoughts

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

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The Dividend Cafe Thursday - September 5, 2024

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