# Wednesday - May 13, 2026

Page: https://stenobird.com/podcast/the-dividend-cafe-743128/wednesday-may-13-2026
Text version: https://stenobird.com/podcast/the-dividend-cafe-743128/wednesday-may-13-2026.md
Podcast: [The Dividend Cafe](https://stenobird.com/podcast/the-dividend-cafe-743128)
Published: 2026-05-13T20:32:00+00:00
Episode link: https://podcast.dividendcafe.com/episodes/wednesday-may-13-2026
Audio file: https://dts.podtrac.com/redirect.mp3/media.zencast.fm/the-dividend-cafe-1/4a46e827-688f-4a2a-804c-2075696cb4c6.mp3?source=feed
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JSON: https://stenobird.com/v1/public/podcasts/the-dividend-cafe-743128/episodes/wednesday-may-13-2026
Duration seconds: 426

## Resource

Brian Szytel recaps a mixed market day on Wednesday, May 13: the Dow fell about 67 points while the S&P rose nearly 0.6% and the Nasdaq gained 1.2%, led by semis even as many software names sold off; rates and energy prices ticked higher amid ongoing Middle East unrest and uncertainty around a ceasefire. The key economic event was a much hotter-than-expected Producer Price Index, with headline PPI up 1.4% (vs. 0.7% expected) and core PPI up 1.0% (vs. 0.3%), leaving year-over-year headline at 6% and core at 5.2%, driven largely by services and broad demand, with tariffs, stimulus, and lower interest rates also cited. He notes these inflation readings complicate Fed policy as Warsh arrives and Powell’s term ends the 15th. The Ask TBG segment explains time value of money and why longer horizons can justify higher volatility for higher expected returns. 00:00 Market Wrap Overview 00:18 Tech Leads and Rates Rise 00:37 Middle East Tensions and Oil 01:15 Hot PPI Inflation Surprise 02:21 What’s Driving Prices 03:24 Fed Constraints and Policy Outlook 03:48 Ask TBG Time Value Money 04:58 Closing Thoughts and Tomorrow Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

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## Transcript

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