# Thursday - June 25, 2026

Page: https://stenobird.com/podcast/the-dividend-cafe-743128/thursday-june-25-2026
Text version: https://stenobird.com/podcast/the-dividend-cafe-743128/thursday-june-25-2026.md
Podcast: [The Dividend Cafe](https://stenobird.com/podcast/the-dividend-cafe-743128)
Published: 2026-06-25T17:40:00+00:00
Episode link: https://podcast.dividendcafe.com/episodes/thursday-june-25-2026
Audio file: https://dts.podtrac.com/redirect.mp3/media.zencast.fm/the-dividend-cafe-1/a5302c0b-a0ee-4e7e-98b0-21a7d50cfba4.mp3?source=feed
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JSON: https://stenobird.com/v1/public/podcasts/the-dividend-cafe-743128/episodes/thursday-june-25-2026
Duration seconds: 535

## Resource

Brian Szytel hosts Dividend Cafe on Thursday, June 25, describing a mixed but slightly positive market with a growth-to-value rotation as equal-weighted indexes outpaced cap-weighted, rates dipped, and oil rose slightly while Brent returned near pre US-Iran levels; despite one major AI semiconductor earnings beat lifting parts of the space, much of tech was down. He reviews heavy economic releases: May PCE inflation met expectations (0.4% headline, 0.3% core; core PCE 3.4% YoY), Q1 GDP was revised up to 2.1%, jobless claims beat expectations, durable goods fell as expected, and personal income and consumer spending exceeded forecasts, with five of six items better than expected. He highlights dividend growth using a 2000 S&P 500 example where a 1.2% yield grew to about 5.5% cash-on-cash over 26 years, and discusses private credit redemption gates, diversification, and software-sector stress as a key risk versus a systemic collapse. 00:00 Market Snapshot 01:03 Economic Data Rundown 02:36 Value Rotation Drivers 02:45 Dividend Growth Power 04:36 Ask TPG Private Credit 05:11 Run on Bank Explained 06:49 Wrap Up and Weekend Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

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## Transcript

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