Episode summary
Two Cents 9/26 - Trading 24/7?; Is Inflation Necessary?; 2026 Market Performance So Far
The Dentist Money Show
· · 34 min · Hosts: Jake, Rabih
Summary
The hosts focused first on the push toward 24/7 stock trading and argued that more access is not automatically better for investors. One described the SEC’s move toward nearly around-the-clock market data and overnight trading infrastructure, while the other pushed back, saying constant trading blurs the line between investing and gambling and invites a casino-like mindset. They also noted that after-hours liquidity is thin, which is why regulators are keeping best-execution rules and adding a 20% overnight price band.
The conversation then shifted to inflation and deflation. They agreed that high inflation is painful, but argued that deflation is often worse because it reduces spending, hurts business revenues, pressures wages, and makes debt heavier in real terms. The hosts framed moderate inflation as the lesser evil, helping economies keep money circulating and encouraging businesses and households to keep investing. One also made the case that technology is inherently deflationary, which is part of why central banks target roughly 2% inflation.
The final segment reviewed 2026 market performance and the forces driving it. The hosts said energy and technology were the standout sectors, while the S&P 500 remained solid but not extreme, and they tied higher 10-year yields to rising mortgage and borrowing costs. Their bottom-line message was consistent: short-term market noise is interesting, but long-term globally diversified investors should stay focused on the bigger picture rather than trade around every headline.
Key takeaways
- The hosts argued that 24/7 trading could make markets feel more like a casino and encourage impulsive behavior instead of disciplined investing.
- An analyst said overnight market data and trading infrastructure are moving closer to real 24-hour access starting December 6, but liquidity and risk controls still matter.
- The hosts said deflation is usually worse than moderate inflation because it reduces spending, hurts businesses, and makes debt harder to carry.
- The hosts said technology is deflationary by nature, which is one reason central banks aim for roughly 2% inflation to offset it.
- Energy and technology were the year’s standout sectors, while the S&P 500 was up 13.95% year to date and the 10-year yield had risen to 5.2.
- The hosts said higher rates are pressuring mortgages, auto loans, and other borrowing costs, but strong earnings are still supporting equities.
Notable quotes
“I kind of am all for protecting investors against themselves”
“I actually don't think I want people trading all hours of the day”
“people tend to stop spending if we are into a deflation economy”
“technology by itself is a deflationary source”
“the price of oil and the earnings technology companies are making”
How the episode opens
On today's episode, three questions. Would you like to trade 247? Is inflation necessary?
And how has the market performed? Consult an adviser or conduct your own due diligence when making financial decisions. General principles discussed during this program do not cost to do personal advice.
This program is furnished by Dennis Advisers, a registered investment adviser. Welcome to Dentist Money's Two Cents, where we help dentists navigate all the noise. My name is Jake and I'm Robbie.
What's up, everybody? Stoked to be with you on We release these on Saturdays, Robbie. Right.
This is Saturday morning. We record on Friday, release these on Saturday. Um, both Robbie and I are feeling a bit under the weather today.
Just a really typical, really basic weather's changing. We're getting into fall, so we get sick. Um, our immune systems need to be stronger.
I don't know what to tell you, Robbie. Uh, Matt is not with us today. He is at a work event.
So, it is just Robbie and I holding down the fort. We're going to give you the best content ever. Um,
Absolutely. Blocked nasal sounds like ASMR podcast, but this is just we're we're under the weather. This is — Hopefully, we don't sound absolutely terrible. Hopefully, we sound okay in your ears here. Um, Robbie, I don't know what's new. Is there anything what random I think it's since it's just us today I might go a little bit off the the rails on some of these topics that we're going through. Anything you want to bring up before we get in here? What's going on? How's life?
Well, life is good. I've been rock climbing lately and I'm so close to like getting to a new PR, but that has been taking a toll on my body.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- 24/7 trading
- inflation
- interest rates
- market performance
- long-term diversified investing
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Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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The Dentist Money Show, this episode and its artwork belong to Dentist Advisors - Financial Planning and Investment Management. Octagon is not affiliated with the show; this page is an independent summary.
