Monday - June 29, 2026

Today's Post - bahnsen.co/3R54h8Z

David Bahnsen previews a forthcoming mid-year Dividend Cafe recap and notes a CNBC interview on market excesses in AI/tech and investor behavior. Markets rose sharply (Dow +300, S&P +1.1%, Nasdaq +2%) led by communication services; Google’s first day in the Dow coincided with Verizon’s exit, while materials fell. He argues recent breadth versus index performance supports rotation over correction, and questions whether stock and bond markets are truly pricing Fed rate hikes despite high futures-implied odds; the 10-year ended flat at 4.37%. He reviews Iran-US ceasefire uncertainty and Supreme Court activity, including sending the Lisa Cook firing dispute to lower court for due process while upholding an FTC firing. He flags bipartisan interest in taxing/data-center limits, discusses a likely housing bill with limited impact versus state/local barriers, cites rising supply-chain cost indicators, weak new-home sales and falling prices, notes Fed balance-sheet growth, oil at $70.50, and upcoming JOLTS and jobs data (Thursday).

00:00 Welcome and Week Ahead

02:12 Market Recap and Rotation

04:17 Fed Hike Debate

07:04 Geopolitics and Supreme Court

10:03 Data Centers and Housing Bill

12:59 Economy Housing and Fed Sheet

15:14 Energy and Jobs Week

16:05 Wrap Up and Thanks

Links mentioned in this episode:
DividendCafe.com (dividendcafe.com)

TheBahnsenGroup.com (thebahnsengroup.com)