Brian Szytel from Dividend Cafe provides a broad market update with all three major stock indices higher (Nasdaq up about 0.75%, S&P 500 up about 0.5%, and Dow up about 0.25%) while interest rates rose slightly, with the 10-year yield up three basis points. He reviews several economic releases, including January FOMC minutes that conveyed a more hawkish tone as inflation was described as slower to return to the 2% target, January industrial production that beat expectations (0.7% vs. 0.4%), and December durable goods orders that fell 1.4% but were better than consensus, with underlying measures stronger (excluding transportation up 0.9%, and core capital goods orders excluding defense and aircraft up about 0.67%, roughly double expectations). He notes housing starts and building permits were slightly better than expected but characterizes housing as still stuck due to interest rates, tax law changes, and reduced post-COVID mobility.
00:00 Market Snapshot: Stocks Up, Yields Higher
00:35 Key Economic Releases: Fed Minutes, Production & Durable Goods
01:41 Why Durable Goods Matter: Business Confidence & Capex Signals
02:40 Housing Starts & Permits: Still Stuck in a Range
03:10 Tariffs and GDP Explained: Net Exports, Double-Counting, and Reality
04:47 What’s Next This Week: PCE, GDP, PMIs & Consumer Sentiment
05:12 Wrap-Up: Broadly Positive Day + Q&A Invitation
Links mentioned in this episode:
DividendCafe.com
TheBahnsenGroup.com
