Monday - August 10, 2026
Today's Post - https://bahnsen.co/4hmEuE3
David Bahnsen hosts the Monday Dividend Cafe, recapping a quiet market day with the Dow down 60 points, the S&P essentially flat, and the Nasdaq down 32 bps, while noting rapid credit-spread tightening and the 10-year yield closing at 4.7%. Energy led sectors as oil rose over 5%, while REITs lagged; he highlights that most S&P 500 profit-margin expansion is concentrated in large tech rather than the broader index. PitchBook data show 33,600 unsold private-equity-owned companies globally, up year-to-date. On policy, the Senate recessed after voting to fund the government through mid-December, with no movement on a GOP budget blueprint or the CLARITY crypto bill. The key development was Friday’s jobs report: 23,000 jobs lost, large downward revisions, and a lower unemployment rate driven by labor-force exits, reducing September hike odds to 50/50. Redfin data show widespread below-ask home sales, especially in Florida and Texas, and he addresses a listener question about faith references in his Friday piece.
00:00 Welcome and Agenda
00:24 Market Wrap and Rates
00:57 Credit Spreads and Risk
02:18 Sector Moves and Breadth
02:57 Margins and AI Divide
04:12 Private Equity Backlog
05:17 Friday Episode Plug
06:02 Middle East and Oil
06:28 Washington Policy Update
07:21 Jobs Report Shock
07:55 Fed Outlook After Jobs
08:43 Housing Price Softening
10:50 Energy and SPR Levels
11:29 Ask TBG Faith Question
13:49 Closing and Friday Preview
Links mentioned in this episode:
DividendCafe.com
TheBahnsenGroup.com
David Bahnsen hosts the Monday Dividend Cafe, recapping a quiet market day with the Dow down 60 points, the S&P essentially flat, and the Nasdaq down 32 bps, while noting rapid credit-spread tightening and the 10-year yield closing at 4.7%. Energy led sectors as oil rose over 5%, while REITs lagged; he highlights that most S&P 500 profit-margin expansion is concentrated in large tech rather than the broader index. PitchBook data show 33,600 unsold private-equity-owned companies globally, up year-to-date. On policy, the Senate recessed after voting to fund the government through mid-December, with no movement on a GOP budget blueprint or the CLARITY crypto bill. The key development was Friday’s jobs report: 23,000 jobs lost, large downward revisions, and a lower unemployment rate driven by labor-force exits, reducing September hike odds to 50/50. Redfin data show widespread below-ask home sales, especially in Florida and Texas, and he addresses a listener question about faith references in his Friday piece.
00:00 Welcome and Agenda
00:24 Market Wrap and Rates
00:57 Credit Spreads and Risk
02:18 Sector Moves and Breadth
02:57 Margins and AI Divide
04:12 Private Equity Backlog
05:17 Friday Episode Plug
06:02 Middle East and Oil
06:28 Washington Policy Update
07:21 Jobs Report Shock
07:55 Fed Outlook After Jobs
08:43 Housing Price Softening
10:50 Energy and SPR Levels
11:29 Ask TBG Faith Question
13:49 Closing and Friday Preview
Links mentioned in this episode:
DividendCafe.com
TheBahnsenGroup.com
Loading content...
Read the full transcript
Matterfact has every podcast on Apple Podcasts and Spotify: 700K+ channels, 120M+ episodes.
The candid version is on a podcast,
not the earnings call.
Matterfact turns the conversations your coverage is already having into a searchable, citable record — across every episode, not just this one.