Monday - July 20, 2026
Today's Post - https://bahnsen.co/4yvcd4b
David Bahnsen reviews a modest down day for markets as Iran tensions and reported American casualties push oil above $80 (ending above $83), with the Dow down ~300, S&P -19 bps, Nasdaq -5 bps, and the 10-year yield at 4.59%; communication services and energy led while healthcare lagged. He cites IPO froth cooling, noting SpaceX below $120 versus a $135 IPO and far off highs. In politics, he highlights Maine’s Senate race likely featuring progressive Troy Jackson versus Susan Collins and notes Michigan Democrats consolidating behind Haley Stevens, outlining the difficult map for a Democratic Senate majority. Economically, he underscores the Supreme Court reversal of IEEPA tariffs lowering blended import tariffs from ~11% to ~6–6.5%, while flagging a record 105.8M outside the labor force, soft industrial production, rising import prices, and housing starts driven by multifamily. He previews next week’s Fed meeting under Chair Kevin Warsh, balance-sheet maturity shortening, midstream earnings (Kinder Morgan), and answers why shorting stocks is inherently leveraged and generally unsuitable for most investors.
00:00 Welcome and Setup
00:17 Iran Tensions and Oil
01:24 Market Wrap and Sectors
02:17 IPO Froth Check
03:13 Senate Races Outlook
05:39 Economy Data and Tariffs
07:43 Housing and Fed Preview
09:08 Energy Earnings and Gas
10:01 Ask TBG Short Selling
12:00 Wrap Up and Links
Links mentioned in this episode:
DividendCafe.com
TheBahnsenGroup.com
David Bahnsen reviews a modest down day for markets as Iran tensions and reported American casualties push oil above $80 (ending above $83), with the Dow down ~300, S&P -19 bps, Nasdaq -5 bps, and the 10-year yield at 4.59%; communication services and energy led while healthcare lagged. He cites IPO froth cooling, noting SpaceX below $120 versus a $135 IPO and far off highs. In politics, he highlights Maine’s Senate race likely featuring progressive Troy Jackson versus Susan Collins and notes Michigan Democrats consolidating behind Haley Stevens, outlining the difficult map for a Democratic Senate majority. Economically, he underscores the Supreme Court reversal of IEEPA tariffs lowering blended import tariffs from ~11% to ~6–6.5%, while flagging a record 105.8M outside the labor force, soft industrial production, rising import prices, and housing starts driven by multifamily. He previews next week’s Fed meeting under Chair Kevin Warsh, balance-sheet maturity shortening, midstream earnings (Kinder Morgan), and answers why shorting stocks is inherently leveraged and generally unsuitable for most investors.
00:00 Welcome and Setup
00:17 Iran Tensions and Oil
01:24 Market Wrap and Sectors
02:17 IPO Froth Check
03:13 Senate Races Outlook
05:39 Economy Data and Tariffs
07:43 Housing and Fed Preview
09:08 Energy Earnings and Gas
10:01 Ask TBG Short Selling
12:00 Wrap Up and Links
Links mentioned in this episode:
DividendCafe.com
TheBahnsenGroup.com
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