About this episode
Market Recap and Economic Indicators for May 8th, 2023 In this episode of the Dividend Cafe, we delve into the recent market events with a focus on the downward trend experienced across major indices such as the Dow, NASDAQ, and S&P. The Dow took a significant hit, largely due to an earnings disappointment from a major software company. The discussion includes updated GDP figures for Q1, showing a decline to 1.3%, and initial jobless claims which remain strong at 219,000. We also address the notable drop in pending home sales, attributed to continuing high mortgage rates. Additionally, there's a segment about the presence of international stock positions in the dividend portfolio and the relevance of foreign tax withholding. As always, the episode concludes with an invitation for listeners to reach out with their questions. 00:00 Introduction to Dividend Cafe 00:18 Market Recap: A Down Day 01:00 Economic Indicators Update 01:43 Housing Market Insights 02:24 International Stock Positions 03:12 Conclusion and Sign-Off Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com