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In this Dividend Cafe Thursday episode, Brian Szytel recaps a broad market selloff with stocks and bonds down as the Dow fell nearly 600 points, the S&P 500 dropped 1.5%, and the Nasdaq slid 2.4% while the 10-year yield rose about four basis points to 4.7%. He attributes pressure to escalating Middle East tensions after a Houthi attack in the Red Sea, driving oil sharply higher (WTI up 6% near $92 and Brent up 7% above $100), and to disappointing earnings from bellwether tech names Google and Tesla, with Google showing negative free cash flow amid heavy CapEx. He notes markets are only about 4% off highs, cautions that volatility is normal, questions the usefulness of the Shiller CAPE given decades of “overvaluation,” and highlights very strong weekly jobless claims (187, lowest since 1969), which could raise the odds of a Fed hike.

00:00 Market Wrap Overview

00:52 Oil Shock and Rates Rise

01:27 Earnings Hit Tech Leaders

02:49 Volatility and Drawdown Reality

03:36 Shiller CAPE Debate

04:06 Jobs Data and Fed Outlook

04:54 Sign Off and Disclosures

Links mentioned in this episode: DividendCafe.com

TheBahnsenGroup.com

Thursday - July 23, 2026

The Dividend Cafe

Thursday - July 23, 2026