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

and dividends in your understanding of economic life.

Well, hello and welcome to the Monday edition of Dividend Cafe.

I am sitting here in our beautiful conference room atop Sixth Avenue in New York City, and I am going to be

running down the elevator the second I am done recording as I have a flight to catch out of

JFK tonight, back to California, where I'll be a couple days, and then in our beautiful Phoenix

office for a few days. So a big week ahead. But in the meantime,

of course, today's Dividend Cafe matters. I'm just going to hit the highlights, though,

real quickly because of time. It was a interesting day in the markets because a lot of people

who may have been noticing last night during the Super Bowl,

if they were getting all kinds of pop-ups and warnings and noteworthy interventions

that President Trump was implementing steel and aluminum tariffs across the board

and was making an announcement about an announcement he was going to make about a plan

to blah, blah, blah on steel and aluminum

tariffs. And then the futures were up quite a bit. And I would say part of it is markets are

not responding anymore to the threats of tariffs or threats about threats or tweets about

threats about promises, about announcements, about tariffs.

But also part of it is that this is more targeted and more sector-specific.

And in fact, the steel and aluminum sector was up today, the U.S. domestic.

And so there was some market response in that sense.

But, yeah, I think that as I talked about in the

Friday Dividing Cafe, there just isn't a real way for markets to absorb non-news. And that's what a

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