The Dividend Cafe
The Bahnsen Group
The Dividend Cafe is your portal for market perspective that is virtually conflict-free, rooted in deep philosophical commitments about how capital should be managed, and understandable for all sorts of investors. Host David L. Bahnsen is a frequent guest on CNBC, Bloomberg, and Fox Business. He is the author of the books, Crisis of Responsibility: Our Cultural Addiction to Blame and How You Can Cure It (Post Hill Press), The Case for Dividend Growth: Investing in a Post-Crisis World (Post Hill Press), and Full-Time: Work and the Meaning of Life (Post Hill Press).
Episodes
Mentioned books
Mar 4, 2026 • 9min
Wednesday - March 4, 2026
A market rebound with broad index gains amid Iran-linked volatility and renewed tariff chatter. Discussion of Section 122 moving tariffs toward 15% and what that means for smaller and mid-sized businesses. Focus on oil and shipping risks through the Strait of Hormuz and rising bond yields tied to energy and inflation. Strong services data and a take that AI-driven software selloffs may offer selective buying opportunities.
Mar 3, 2026 • 9min
Tuesday - March 3, 2026
A volatile market day unfolds with a huge intraday Dow drop and partial recovery. Tensions around the Strait of Hormuz push oil sharply higher and spotlight global energy flow risks. U.S. tanker protection and changing inflation expectations briefly calm markets. Discussion covers LNG export disruptions, rising TIPS breakevens, a busy economic-data week ahead, U.S. power upgrade timelines, and China chip export limits.
Mar 2, 2026 • 14min
Monday - March 2, 2026
Market reaction to weekend U.S. military actions and how futures plunged then largely recovered. A big jump in oil and implications for U.S. LNG and energy names. Scenarios for conflict duration and the resulting market volatility. Unusual bond behavior with yields rising across the curve. Concerns about stretched valuations amid AI, private credit, tariffs and legal uncertainties.
Feb 27, 2026 • 30min
Is There a Private Markets Crash Stewing?
The show dismantles the media hysteria around private asset markets and explains why nuance matters. It separates roughly ten distinct narratives that are often conflated. It covers liquidity expectations, private credit’s role outside banking, and why defaults in credit pools are expected. It highlights differences among loan vehicles and how sentiment shifts can create long-term opportunities.
Feb 26, 2026 • 8min
Thursday - February 26
A market wrap showing value outpacing tech as major indexes diverge. A deep dive into Nvidia’s strong numbers yet weak stock reaction and the role of AI capex. Discussion of how returning capital may shift as free cash flow recovers. Clear primer on the Depository Trust Company and why mass government seizure is unlikely. A cautionary tale about MF Global’s misuse of client assets.
Feb 25, 2026 • 8min
State of the Union: What It Means for Markets and Investors
Markets, Nvidia earnings and a late-day rally set the scene. The State of the Union is parsed for economic signals, from absent affordability measures to Medicaid drug pricing rhetoric. New savings plans for lower-income workers and rules for AI data center power get attention. Ideas on tariffs, a ban on congressional stock trading, and a proposal to curb institutional housing ownership are discussed.
Feb 24, 2026 • 7min
Tuesday - February 24, 2026
Markets bounced back with big index gains and a 10-year yield near 4.03%. Discussion covers possible personal and business tax relief hinted in the State of the Union. A newly finalized 10% tariff rate and its growth implications get attention. Private credit is examined amid media noise, with delinquencies and liquidity context. Recent housing, confidence, and inventory data are reviewed as broadly positive.
Feb 23, 2026 • 19min
Monday - February 23, 2026
A snowed-in market recap highlighting a sharp selloff and bond-market reaction. A deep dive into massive AI capex plans and how Nvidia’s ties to OpenAI could drive chip demand. A Supreme Court ruling reshaping tariff authority and the complex legal workarounds under consideration. Analysis of possible large tariff refunds and their stimulative effects on growth and trade dynamics.
Feb 20, 2026 • 25min
When Lower Inflation Hurts
A take on why slowing inflation in 2026 might feel like stagnation rather than relief. Markets and bond signals are parsed to show modest growth expectations. Services and rent data may drive disinflation while housing affordability stays tight. Business investment is narrowly focused on AI and data centers, and weak hiring, low savings, muted lending, and tariff effects all pose demand risks.
Feb 19, 2026 • 8min
Thursday - February 19, 2026
Market movers and a modest market dip are recapped alongside steady 10-year yields. Rising Middle East tensions and a sharp crude rally are discussed versus energy’s supply/demand strength. Defensive sectors are leading while tech and communication services lag. Key economic snapshots cover jobless claims, trade deficits, manufacturing and housing. A listener question on non-GAAP versus GAAP P/E ratios is explained.
