Monday - October 19, 2026
Notes de l’épisode
Today's Post - https://bahnsen.co/4yXvACK
David Bahnsen reviews a volatile news weekend and announces The Bahnsen Group’s new Santa Barbara office. Markets were mixed (Dow flat, S&P up 0.4%, Nasdaq up ~1%) amid unusual breadth and rotation dynamics, while AI-related “pick-and-shovel” names faced pressure tied to funding concerns and slowing expectations for the rate of AI capex growth. The 10-year yield rose to 5.14% and sector performance diverged sharply (consumer discretionary led; utilities lagged). He notes Goldman Sachs earning more from lending against equities than equity trading, signaling rising leverage and potential volatility, and highlights a NASDAQ/2000-style chart comparison. He discusses violent unrest in France, a 50/50 Senate outlook and likely Democratic House control, key economic data (US industrial production +0.7%, China Q3 GDP 4.5%), surging US mortgage payments, falling homebuilder sentiment, and Fed signals favoring no October hike but likely December. Earnings season accelerates, with midstream energy updates and a forthcoming Friday episode on range-bound markets.
00:00 Welcome and Updates
01:25 Market Close Recap
01:59 Breadth Rotation and AI
04:36 Yields Sectors and Leverage
06:30 Rhyming Market Charts
07:15 France Unrest and Elections
09:23 Economic Data Roundup
10:05 Housing Affordability Squeeze
10:56 Fed Outlook and Oil
12:21 Earnings Season and Wrap
Links mentioned in this episode: DividendCafe.com