Thursday - October 29, 2026
Notes de l’épisode
From New York City just before the close, Brian Szytel recaps a market session where the Dow fell ~0.4%, the S&P 500 ~0.5%, and the Nasdaq ~1.5% as tech/AI reacted to earnings, while broader “non–Mag Seven” names outperformed, reflecting rotation toward value, cyclicals, and small caps. Rates moved lower with the 10-year down ~6 bps to ~4.97. He reviews strong Q3 GDP (3.4% vs 3.1% expected), better jobless claims (194k vs 200k), and PCE data showing core PCE at 0.3% m/m and 3.1% y/y, with consumer spending and personal income slightly under expectations. He discusses the Fed likely raising modestly (about 50 bps) and criticizes tokenized stocks as unnecessary and risky, noting major companies opting out amid ICE-related developments.
00:00 Market Open Snapshot
00:43 Rotation Beyond Mag Seven
01:10 Rates Drop Under Five
01:30 GDP Jobs And PCE Readout
02:59 Fed Path Higher Longer
04:19 Tokenized Stocks Explained
05:00 Risks Regulation And Opt Outs
07:19 Wrap Up And Next Episode
Links mentioned in this episode: DividendCafe.com