The Dividend Cafe Thursday - August 21, 2025
Aug 21, 2025
A modest market downturn is discussed, highlighting a dip in indices and unexpected jobless claims. Insights into mixed manufacturing data and robust home sales provide a nuanced economic picture. Anticipation builds around the Jackson Hole speech by Chairman Powell, expected to influence future policies. The podcast contrasts high-valuation tech stocks against value sectors like healthcare and energy. A thoughtful reflection on market fundamentals emphasizes their importance for long-term investment success.
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Market Sensitivity Ahead Of Powell
- Markets moved down modestly with indices off roughly a third of a percent and bond yields rising a few basis points.
- Brian highlights that markets are very sensitive to incoming data ahead of policy speeches like Jackson Hole.
Jobless Claims Are Under The Microscope
- Jobless claims printed slightly higher at 235k versus 225k expected, drawing more attention after the payrolls report.
- Brian notes weekly claims are being watched more closely ahead of the September Fed meeting.
Mixed Manufacturing, Services Holding Up
- Regional manufacturing missed with the Philly Fed down while flash PMIs showed expansion in both manufacturing and services.
- The data mix suggests fits and starts in manufacturing but continued services strength.
