{"podcast":{"title":"The Dividend Cafe","slug":"the-dividend-cafe-743128","podcast_index_feed_id":743128,"rss_url":"https://media.zencast.fm/the-dividend-cafe-1/rss","website_url":"https://podcast.dividendcafe.com","image_url":"https://podcdn.zencast.fm/download/Podcast%2Fartworks%2F1619%2Flarge%2F48af26beb80f0b14f33670336b3deb3b55b7d8f7eb33709596c6174394661034%2F2xdKc0oYUrFiUt2IWrXaU2NeDeDB07Lb6zeLd7u4.jpg","author":"The Dividend Cafe - The Bahnsen Group","episode_count":1373,"summary":"The Dividend Cafe is your portal for market perspective that is virtually conflict-free, rooted in deep philosophical commitments about how capital should be managed, and understandable for all sorts of investors. Host David L. Bahnsen is a frequent guest on CNBC, Bloomberg, and Fox Business. He is the author of the books, Crisis of Responsibility: Our Cultural Addiction to Blame and How You Can Cure It (Post Hill Press), The Case for Dividend Growth: Investing in a Post-Crisis World (Post Hill Press), and Full-Time: Work and the Meaning of Life (Post Hill Press).","last_synced_at":"2026-08-01T02:18:06.946592+00:00","page_url":"https://stenobird.com/podcast/the-dividend-cafe-743128"},"episode":{"title":"Wednesday - June 24, 2026","slug":"wednesday-june-24-2026","published_at":"2026-06-24T21:00:00+00:00","page_url":"https://stenobird.com/podcast/the-dividend-cafe-743128/wednesday-june-24-2026","show_page_url":"https://stenobird.com/podcast/the-dividend-cafe-743128","url":"https://podcast.dividendcafe.com/episodes/wednesday-june-24-2026","audio_url":"https://dts.podtrac.com/redirect.mp3/media.zencast.fm/the-dividend-cafe-1/e2eb272d-20a7-4438-a08a-ee908480847d.mp3?source=feed","summary":"Brian Szytel recaps a Wednesday session that began with a recovery bounce led by technology as interest rates and WTI fell, but the rally fizzled and selling in tech resumed while value names held up better. He says markets are digesting valuation pressure with stocks trading around 22–23x earnings and uncertainty around the Strait of Hormuz and U.S.-Iran negotiations, which could affect oil prices. He highlights the 2s/10s spread flattening from about 80 bps earlier in the year to about 26 bps, suggesting slowing growth and potential Fed policy risk as inflation remains a concern; markets imply a high chance of at least one rate hike by year-end. The key data point was weak May new home sales (580k vs 640k expected) and elevated unsold new-home inventory at 9.4 months amid high mortgage rates. 00:00 Market Bounce Fizzles 00:44 Valuations and Oil Risk 01:35 Yield Curve Warning Signs 02:00 Fed Policy and Rate Hike Odds 03:15 Listener Question on Spreads 04:03 Housing Data Miss 05:11 Wrap Up and Sign Off Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com","meta_description":"Brian Szytel recaps a Wednesday session that began with a recovery bounce led by technology as interest rates and WTI fell, but the rally fizzled and sell…","key_points":[],"chapters":[],"topics":[],"duration_seconds":425,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-dividend-cafe-743128/episodes/wednesday-june-24-2026/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-dividend-cafe-743128/wednesday-june-24-2026.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}