Today's Post - https://bahnsen.co/4nErXgi

David Bahnsen records Monday’s Dividend Cafe from Miami, noting a prior deep dive on U.S. national debt and then reviewing markets after an S&P 500 “melt up” led by semiconductors, the Mag Seven, and AI, followed by a pullback tied to sharply rising bond yields, with the 10-year near 4.6% and higher yields a potential catalyst for equity weakness. He flags poor market breadth, mentions a $67B Dominion–NextEra utility merger connected to data-center power demand, and highlights AI’s dominance in new high-yield, investment-grade, and venture funding plus global index concentration in semiconductors. He also covers U.S.–China announcements (Boeing planes, agricultural purchases, tariff oversight), Iran uncertainty, industrial production gains, weak homebuilder sentiment, incoming Fed chair Kevin Warsh amid no-cut expectations, and oil near $106 with limited rig-count response.

00:00 Miami Intro and Debt Recap

00:55 Market Pullback and Yield Spike

03:52 Breadth Warning and Utility Merger

05:04 AI Concentration and Momentum Risk

07:43 US China Summit and Iran Tensions

09:47 Economic Data and Fed Outlook

11:46 Oil Surge and Rig Count Reality

12:55 Ask TBG and Sign Off

Links mentioned in this episode:

TheBahnsenGroup.com