The Dividend Cafe Tuesday - July 2, 2024

Market Update and Economic Insights Ahead of July 4th Holiday

In this episode of Dividend Cafe, Brian Szytel provides a market update for Tuesday, July 2nd. With a quiet day in the markets leading up to the 4th of July holiday, key highlights include a slight yield drop on tens, robust performance in the consumer discretionary sector, and job openings exceeding expectations, indicating labor market resilience. Fed Chair Powell's remarks on disinflation progress at the Sentra conference in Portugal were also discussed. Additionally, the episode delves into the dynamics between private credit and investment-grade credit, highlighting expansion trends and credit risk considerations. Brian also previews the upcoming economic data releases for the next day, such as ADP private payrolls, jobless claims, and factory orders, and announces the release of a detailed Dividend Cafe newsletter.

00:00 Introduction and Market Overview 00:27 Economic Indicators and Labor Market 01:02 Federal Reserve and Fixed Income Insights 01:39 Investment Grade Credit and Private Credit 02:56 Upcoming Economic Events and Conclusion

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