Thursday - September 3, 2026

Brian Szytel recaps a strong Thursday rally in risk assets after a modestly positive prior session, citing improved market breadth, dovish comments from Fed Governor Waller, slightly lower rates, and reduced September hike odds from 68% to 50/50 amid a split committee, easing inflation, and a normalizing labor market; he also notes political sensitivity ahead of November midterms. The Dow rose 624 points, the S&P 500 gained 1%, and the Nasdaq rose 1.4%, with strength in mega-cap tech and semis. He highlights wide sector dispersion (88% of financials above the 200-day vs. 94% of semis down 20% from highs), low volatility and shallow drawdowns, and historically positive 12-month periods after midterms. Economic data were solid: jobless claims 206K, ISM services 55.4, and a slightly narrower July trade deficit. He addresses a question on Trump Media’s Truth API, arguing it’s ethically questionable but not a major market needle-mover for long-term investors, and signs off ahead of Labor Day weekend.

00:00 Market Rally Recap

00:26 Fed Talk and Rate Odds

02:30 Sector Dispersion Signals

03:04 Volatility and Midterm Patterns

04:28 Economic Data Scorecard

05:00 Truth API and Trading Edge

06:53 Wrap Up and Weekend

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

TheBahnsenGroup.com (thebahnsengroup.com)