# Tuesday - July 7, 2026

Page: https://stenobird.com/podcast/the-dividend-cafe-743128/tuesday-july-7-2026
Text version: https://stenobird.com/podcast/the-dividend-cafe-743128/tuesday-july-7-2026.md
Podcast: [The Dividend Cafe](https://stenobird.com/podcast/the-dividend-cafe-743128)
Published: 2026-07-07T20:46:00+00:00
Episode link: https://podcast.dividendcafe.com/episodes/tuesday-july-7-2026
Audio file: https://dts.podtrac.com/redirect.mp3/media.zencast.fm/the-dividend-cafe-1/874c2e49-cf4d-4d90-a45a-5462df852748.mp3?source=feed
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JSON: https://stenobird.com/v1/public/podcasts/the-dividend-cafe-743128/episodes/tuesday-july-7-2026
Duration seconds: 341

## Resource

Brian Szytel recaps a quiet Tuesday, July 7, with markets closing modestly lower amid increased U.S.–Iran tensions involving tanker attacks and restrictions on Iran’s oil exports; crude rose about 3% to roughly $70.56 while gold dipped. Tech led the decline as semiconductors sold off, with the S&P 500 down ~0.5%, the Dow ~0.4%, and the Nasdaq down a little over 1%. Economic news was limited, but May’s U.S. trade deficit widened to $77B, about $20B more than the prior month. Despite the pullback, major indices are up around 10% year-to-date, reflecting a rotation from concentrated chip leaders (some down ~30% in 10 days) into defensives and broader participation. The 10-year yield rose ~7 bps to 4.55%. He also addresses concerns about Q1 profits boosted by mark-to-market gains on non-listed AI holdings, calling it non-recurring and two-sided. 00:00 Market Wrap Intro 00:11 Geopolitics Oil Moves 00:43 Tech Rotation Selloff 01:09 Trade Deficit Update 01:32 Year To Date Perspective 02:28 Rates And Macro Mix 02:39 Ask TBG Earnings Quirk 03:45 Closing Remarks Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

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## Transcript

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