The Dividend Cafe Wednesday - December 3, 2025
Dec 3, 2025
Gain insights into stock market performance as major indices see gains with a shift from growth to value sectors. Speculations swirl around the potential nomination of Kevin Hassett as the next Fed Chair, affecting interest rates. Surprising ADP payroll numbers reveal job losses, while a robust ISM services reading signals strength in the economy. The discussion also emphasizes a personalized approach to asset allocation, steering clear of cookie-cutter strategies in favor of a goals-based philosophy.
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Rotation From Growth To Value
- Markets rotated from growth-heavy NASDAQ names into more value-oriented and multiple-driven sectors that dominate the Dow.
- This rotation explains the disparity in performance across major indices on December 3, 2025.
White House Tests Market With Fed Signal
- A Wall Street Journal piece signaled the White House testing the market about Kevin Hassett as likely next Fed Chair.
- The market reacted positively with lower rates and higher equity prices on that signal.
ADP Payrolls Missed Expectations
- November ADP private payrolls showed a surprising loss of 32,000 versus an expected gain of 10,000.
- That weak labor print contributed to lower rates and softened growth expectations.