transcript
show notes
On Thursday, Sept. 24, Brian Szytel recaps a down Dow day with the S&P and Nasdaq flat as markets rebounded late on optimism about U.S.-Iran talks potentially easing the Strait of Hormuz situation; WTI still rose about 3% to roughly $95. He highlights the bigger story as higher interest rates, with the 10-year yield up another 10 bps to about 5.21% and up 120 bps year-to-date, arguing media may be overstating it and noting long rates also reflect growth expectations, strong earnings, and economic activity, while higher rates also boost interest income to savers and the economy. Economic data included better-than-expected initial jobless claims (197k) and stronger new home sales (684k). He also addresses international dividend stocks, noting foreign withholding taxes can be offset via foreign tax credits, but prefers U.S. dividend growers due to steadier dividend policies and less sector concentration than Europe/Asia.
00:00 Market Close Recap
00:38 Oil Surge And Rate Shock
01:31 Why Long Rates Rise
03:01 Higher Rates Upsides
04:10 Economic Data Check
04:54 International Dividend Stocks
05:50 US Versus Overseas Dividends
07:43 Wrap Up And Sign Off
Links mentioned in this episode: DividendCafe.com
