Dividend Cafe: Market Commentary and Economic Updates, July 9th
In this week's Dividend Cafe, Brian Szytel provides a market commentary from New York. The Dow closed down 52 points, while the NASDAQ and S&P 500 remained slightly positive. A significant topic discussed was Federal Reserve Chair Jay Powell's comments to the Senate finance committee about the potential economic risks if interest rates are not cut soon. The likelihood of a September rate cut has increased to 70%. Brian highlights concerns about the economic data, slowing growth, and its impact on earnings per share for the S&P 500. Upcoming economic indicators and more Fed comments are anticipated this week. The Bonson Group emphasizes the importance of due diligence and consulting with professional advisors.
00:00 Introduction to Dividend Cafe 00:23 Market Overview and Economic Data 00:41 Federal Reserve Insights 01:30 Economic Predictions and Market Expectations 02:29 Upcoming Economic Events 02:51 Closing Remarks 03:01 Disclaimer and Legal Information
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Brian Szytel is the Deputy Managing Partner and Co-CIO of The Bahnsen Group.
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