# Wednesday - July 8, 2026

Page: https://stenobird.com/podcast/the-dividend-cafe-743128/wednesday-july-8-2026
Text version: https://stenobird.com/podcast/the-dividend-cafe-743128/wednesday-july-8-2026.md
Podcast: [The Dividend Cafe](https://stenobird.com/podcast/the-dividend-cafe-743128)
Published: 2026-07-08T19:53:00+00:00
Episode link: https://podcast.dividendcafe.com/episodes/wednesday-july-8-2026
Audio file: https://dts.podtrac.com/redirect.mp3/media.zencast.fm/the-dividend-cafe-1/1f58bf30-28b5-4b1e-aa77-c1bae5037cb3.mp3?source=feed
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JSON: https://stenobird.com/v1/public/podcasts/the-dividend-cafe-743128/episodes/wednesday-july-8-2026
Duration seconds: 375

## Resource

Brian Szytel hosts Dividend Cafe on Wednesday, July 8, discussing increased volatility tied to escalating US-Iran tensions after Iran struck oil tankers and the US retaliated against multiple military targets, with oil up about 5% and markets modestly lower but without a clear flight to safety (dollar slightly up, yields up ~3 bps, gold and silver down). He notes rotation dynamics and highlights sector breadth: pharma, household products, and utilities show 100% of stocks above their 50-day moving averages, versus tech, semis, and autos below 40%. Economically, wholesale inventories rose 0.1% versus 0.3% expected, while wholesale sales jumped 3.4%, pushing the inventory-to-sales ratio to its lowest since 2012. He addresses Scott Bessent’s tariff “success” claim, citing tariff revenues annualizing to about $290B versus $500B–$1T estimates, some net-positive trade deals (Japan, South Korea), little change in the trade deficit, slight GDP drag on consumers, and offsets from fiscal measures and AI-related CapEx expensing. 00:00 Market Volatility Update 00:36 Oil Moves and Safe Havens 01:11 Sector Rotation Signals 01:41 Wholesale Data Snapshot 02:10 Tariffs Success Question 03:09 Trade Deals and Deficit 04:04 Wrap Up and Tomorrow Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

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## Transcript

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