# Thursday - July 23, 2026

Page: https://stenobird.com/podcast/the-dividend-cafe-743128/thursday-july-23-2026
Text version: https://stenobird.com/podcast/the-dividend-cafe-743128/thursday-july-23-2026.md
Podcast: [The Dividend Cafe](https://stenobird.com/podcast/the-dividend-cafe-743128)
Published: 2026-07-23T20:11:00+00:00
Episode link: https://podcast.dividendcafe.com/episodes/thursday-july-23-2026
Audio file: https://dts.podtrac.com/redirect.mp3/media.zencast.fm/the-dividend-cafe-1/78ee4697-75df-443e-ad2a-7be4f12aa4be.mp3?source=feed
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/the-dividend-cafe-743128/episodes/thursday-july-23-2026
Duration seconds: 409

## Resource

In this Dividend Cafe Thursday episode, Brian Szytel recaps a broad market selloff with stocks and bonds down as the Dow fell nearly 600 points, the S&P 500 dropped 1.5%, and the Nasdaq slid 2.4% while the 10-year yield rose about four basis points to 4.7%. He attributes pressure to escalating Middle East tensions after a Houthi attack in the Red Sea, driving oil sharply higher (WTI up 6% near $92 and Brent up 7% above $100), and to disappointing earnings from bellwether tech names Google and Tesla, with Google showing negative free cash flow amid heavy CapEx. He notes markets are only about 4% off highs, cautions that volatility is normal, questions the usefulness of the Shiller CAPE given decades of “overvaluation,” and highlights very strong weekly jobless claims (187, lowest since 1969), which could raise the odds of a Fed hike. 00:00 Market Wrap Overview 00:52 Oil Shock and Rates Rise 01:27 Earnings Hit Tech Leaders 02:49 Volatility and Drawdown Reality 03:36 Shiller CAPE Debate 04:06 Jobs Data and Fed Outlook 04:54 Sign Off and Disclosures Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

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## Transcript

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