About this episode
Brian Szytel hosts Dividend Cafe on Tuesday, March 31, recapping a broad market rally with the S&P 500 up about 2%, the Nasdaq up about 3%, and bonds higher as the 10-year yield fell roughly 3.5 bps to around 4.30%. He says headline-driven moves and short covering are fueling volatility, noting markets react to shifting commentary about a potential end to the war and the Strait of Hormuz. He addresses a question about the U. S. stopping oil exports, arguing it’s unlikely, would reduce profits and jobs, and U. S. refineries are largely configured for heavier crude unlike domestic light sweet production, making a shift a decade-long project. Economic updates include the Case-Shiller 20-City Home Price Index (+0.2% in January; +1.2% YoY), JOLTS job openings at 6.9 million (in line), and consumer confidence beating in March. 00:00 Welcome and Setup 00:19 Market Rally Recap 00:46 Headlines and Positioning 01:42 Oil Export Thought Experiment 02:31 Housing Price Update 03:13 Jobs and Confidence Data 04:08 Wrap Up and Tomorrow 04:24 Disclosures and Disclaimer Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com