# Wednesday - July 1, 2026

Page: https://stenobird.com/podcast/the-dividend-cafe-743128/wednesday-july-1-2026
Text version: https://stenobird.com/podcast/the-dividend-cafe-743128/wednesday-july-1-2026.md
Podcast: [The Dividend Cafe](https://stenobird.com/podcast/the-dividend-cafe-743128)
Published: 2026-07-01T21:13:00+00:00
Episode link: https://podcast.dividendcafe.com/episodes/wednesday-july-1-2026
Audio file: https://dts.podtrac.com/redirect.mp3/media.zencast.fm/the-dividend-cafe-1/b46a44f5-12f6-4684-89ba-e8495cbc6589.mp3?source=feed
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JSON: https://stenobird.com/v1/public/podcasts/the-dividend-cafe-743128/episodes/wednesday-july-1-2026
Duration seconds: 396

## Resource

Brian Szytel recaps a down, rotation-driven market day from West Palm Beach, with the Dow near flat, the S&P 500 slightly lower, and the Nasdaq weaker amid a sharp semiconductor sell-off (down 5–10%) even as some software and communication services names rose. He cites strong Korean AI chip export growth (70% year over year) but suggests investors may be pricing semis for perpetually outsized growth and reacting to signs of a peak growth rate. Inflation commentary helped rates ease slightly and the yield curve steepened marginally, though the 10-year Treasury ended around 4.48%. Economic data included ADP private payrolls at 98K (below expectations), ISM manufacturing at 53.3 (expansion), and weak construction spending, reflecting housing softness tied to higher rates. He previews a holiday-shortened week and Thursday’s nonfarm payrolls report. 00:00 Market Open Recap 00:24 Semis Selloff Explained 00:49 Korea Chip Demand Peak 01:34 Rates and Fed Talk 01:53 Index Closes and Yields 02:08 Economic Data Rundown 02:53 Housing Softness 03:31 Rotation and Small Caps 03:48 Jobs Report Preview 04:28 Wrap Up and Sign Off Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

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## Transcript

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