# Thursday - April 23, 2026

Page: https://stenobird.com/podcast/the-dividend-cafe-743128/thursday-april-23-2026
Text version: https://stenobird.com/podcast/the-dividend-cafe-743128/thursday-april-23-2026.md
Podcast: [The Dividend Cafe](https://stenobird.com/podcast/the-dividend-cafe-743128)
Published: 2026-04-23T17:57:00+00:00
Episode link: https://podcast.dividendcafe.com/episodes/thursday-april-23-2026
Audio file: https://dts.podtrac.com/redirect.mp3/media.zencast.fm/the-dividend-cafe-1/ee4ab3c3-31f2-496e-bcb0-8799be1d2a87.mp3?source=feed
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JSON: https://stenobird.com/v1/public/podcasts/the-dividend-cafe-743128/episodes/thursday-april-23-2026
Duration seconds: 537

## Resource

Brian Szytel hosts Dividend Cafe on Thursday, April 23 from West Palm Beach, noting a modestly lower, directionless stock market (Dow down a few hundred points, S&P down 0.25%, Nasdaq down 0.5%), flat bonds with 10-year yields around 4.30, and oil up about 1.5% amid ongoing Middle East tensions. Economic data was mostly good: jobless claims were slightly higher, services flash PMI came in at 51.3 vs. 51, and manufacturing flash PMI beat expectations at 54 vs. 52, a nearly four-year high with new orders strongest in about four years. With about 15% of the S&P reporting Q1, roughly 88% beat expectations with an average 13% beat and revenue growth supporting high margins. He discusses a sharp software selloff alongside continued strength in semis and recommends David’s prior AI write-up. He also explains that private credit is a riskier, illiquid alternative with floating coupons and default risk, while fixed income refers to liquid public bonds used as portfolio ballast. 00:00 Market Recap Snapshot 01:03 Economic Data Check 02:00 Earnings Season Strength 03:36 Tech Rotation and AI Nuance 04:58 Private Credit vs Bonds 06:59 Closing Thoughts Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

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## Transcript

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