Monday - November 9, 2026
Show notes
Today's Post - https://bahnsen.co/3WXyObg
David Bahnsen records from Washington, D.C. before the market close as stocks rally sharply (Dow +1,000, Nasdaq +3%, S&P +2.5%) despite Nvidia down about 6%, amid four straight days of post-election volatility. He discusses speculation about hedge-fund de-leveraging versus evidence of $47B forced selling from leveraged ETFs, warning that leverage can trigger future forced selling. Bahnsen cautions that “low” forward P/E claims are really earnings predictions, not valuation facts, and says the market is questioning semiconductor earnings assumptions. He highlights shocking reports that Nvidia CEO Jensen Huang admitted an affair allegedly involving a Chinese spy, creating major uncertainty. On policy, he notes lame-duck priorities like permitting reform and expects little legislation next two years, citing staff changes. He reviews a better-than-expected jobs report, shifting December hike odds, upcoming CPI, falling oil, and holiday market schedules.
00:00 Market Rally Snapshot
01:24 Post Election Volatility
02:10 Forced Selling Theories
04:16 Leverage Risks Explained
05:10 Forward PE Misconceptions
07:56 Nvidia Spy Scandal
09:57 Lame Duck Policy Outlook
11:15 Jobs Report And Fed Bets
13:37 Oil CPI And Week Ahead
14:13 Wrap Up And Next Episode
Links mentioned in this episode: DividendCafe.com