David Bahnsen delivers the Daily Recap from New York City while Brian Szytel meets with a manager, noting that he, Brian, and Kenny Molina are in their annual week of meetings with many money managers, having completed 16 meetings in two days and not yet halfway through. He says early takeaways include the biggest area of disagreement among managers being differing views on AI, while the common concern is the impact of higher bond yields across asset classes, with the 10-year yield (5.28% after falling three basis points) highlighted as especially important. Markets rose: Dow +250, S&P +45, Nasdaq +122; the bond market was up as yields fell. Utilities led sectors up over 3%, while healthcare was slightly down and the only sector in red. A new Ask TBG question is posted at dividendcafe.com, with Brian hosting podcasts Wednesday/Thursday and David returning Friday.
00:00 Welcome and Setup
00:09 NYC Manager Meetings
00:56 Key Themes AI and Yields
01:31 Market Snapshot
01:44 Rates and Ten Year Focus
02:04 Sector Performance
02:22 Ask TBG and Upcoming Shows
02:53 Wrap Up and Contact
Links mentioned in this episode: DividendCafe.com