Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio

and dividends in your understanding of economic life.

Hello and welcome to the Monday edition at Dividendon Cafe where boring markets are good

and going around the horn of all of our weekly information is a lot of fun.

When I say boring in the market, the Dow opened more or less where it closed on the day,

and though it zigg and zagged a little before closing down a whopping 30 points,

it basically went up and down throughout the day within a bandwidth of 100 points. Not a lot of

movement in the Dow and then the S&P and NASDAQ both closed totally flat. That'll happen in a week

like this week where there is this meeting taking place as I'm talking right now in the White

House with European leaders, with President Trump,

with Ukrainian President Zelensky, and there's not a lot of awareness yet as to what the outcome of

that may be around Russia issues. And then the Jackson Hole meeting, an annual affair,

Chairman Powell speaking near the end of the week, it gives markets a pretty good excuse to pause and do a little

wait and see action. So we'll see if that happens each day this week, but I'm not surprised

it was a reasonably boring day in markets. I do want to direct any of you missed the Friday

Dividend Cafe to check that out if you're interested in the subject of

inflation. We're getting an awful lot of feedback about it, and I thought it was a reasonably

useful treatise on how to understand inflation, what the big questions are, what the big

challenges really are that goes a little deeper than what some of the media

narratives are. So, when it comes to markets, we're just going to go around the horn in the order

that I presented in the written Dividing Cafe. The earnings yield of the S&P 500, that is the current

earnings of all the companies in the index put together divided by the price of the

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