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 this week's Dividend Cafe.

I'm recording from a hotel in Tucson, Arizona, Friday morning, And I have been this week in New York and then

Dallas and then Oklahoma City and now Tucson. And I will end up tonight in my own actual bed at my

house in Newport Beach. So it's been one of those weeks, an awful lot of meetings, a lot of speeches,

a lot of reading, a lot of activity, and obviously a lot of travel. But there's also a very

full dividend cafe today. And I really enjoyed writing it. It's kind of in a weird way. I could

have written a whole dividend cafe about what the title is and the initial subject we're about to get into, which is the psychology of the president and a sort of revisiting that this week made possible about that subject of the Trump market put.

Is there still desire from the president for markets to govern a lot of

his policy? Does he still care about markets as a signifier of his administration and his presidency?

And so I'm going to start with that topic. But then I also could have written a whole

Dividing Cafe about the kind of middle section we're going to get into, which are five

themes, five considerations, five things we're focused on going forward right now. As we get here

into late April, we're in a different position than we were four months ago.

And what we were looking at, thinking about projecting, wondering four months ago as 2025 began

has changed a little bit now. And so I want to update you as to what our five major focuses are

in the current lay of the land.

And then I want to close out with something that could definitely have been its own

diviny cafe and it could definitely be its own book, which is dealing with the sort of

end of the world fears.

We had a significant and what I believe will prove to be a somewhat historical market sluon.

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