Wednesday - June 3, 2026

Wednesday - June 3, 2026

From The Dividend Cafe by The Bahnsen Group

June 3, 2026 · 7 min

About this episode

Brian Szytel discusses the recent market sell-off and economic indicators following a nine-week rally.

Brian Szytel of The Bahnsen Group recaps a broad market sell-off (Dow -620, S&P -0.7%, Nasdaq -0.9%) after nine straight weeks of gains, noting there was no major new catalyst beyond slightly higher rates, higher oil, and ongoing Middle East tensions involving the U.S. and Iran. Year-to-date performance remains positive (Dow ~+6%, S&P ~+10%, Nasdaq ~+15%), and economic data was generally strong, including better-than-expected ADP private payrolls (122 vs. 110) and solid services readings. He highlights continued resilience in labor demand and some increased entry-level and AI-related hiring. Historically, nine-week winning streaks have often been followed by positive returns over 3, 6, and 12 months, though higher 10-year yields around 4.50% could cap risk assets. He adds the Fed may need to raise rates later this year if inflation stays high despite strong employment, while oil futures imply prices returning to the 70s over time. 00:00 Market Snapshot 00:37 Why Stocks Sold Off 01:25 Economic Data Check In 01:54 Jobs and AI Hiring Buzz 03:07 Nine Week Rally Context 04:15 Rates and Fed Outlook 05:10 Oil Inflation and Wrap Up 05:41 Disclosures Links mentioned in this…

People in this episode

Guest: Brian Szytel

Topics covered

  • market recap
  • economic data
  • labor demand
  • inflation
  • oil prices
  • stock performance

Keywords

  • market sell-off
  • economic data
  • labor demand
  • inflation
  • oil prices
  • stock performance
  • ADP payrolls

Mentioned in this episode

Organizations: The Bahnsen Group

Places: U.S., Iran

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