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 another DC today, a daily synopsis for you of all the fun action in the market.

We're getting even closer now, just three days to go now, until the synopsis for you of all the fun action in the market.

We're getting even closer now, just three days to go now,

to the close of September and Q3, likely a quarter and a month that a lot of people will want to leave in the rearview mirror.

The Dow ended up down 126 points today.

It doesn't seem like that big of a deal these days,

but it was up over 300 early on. Right away, it was clear. It wasn't going to hold its momentum.

And so the Dow, after a couple of hours, had gone from positive to negative. But even the high

of the day was reached very early on, and that upward momentum fizzled

quite early on. The S&P was down 0.21%, the Dow was down, excuse me, 0.4%. The NASDAQ was up a tiny bit,

so a little bit of a mixed bag there. But the bigger story just by far, and it's driving everything else going on right now is the upward surge in bond yields. And the 10 year was up seven basis points today. I want to give you, I know that the five year closed at 4.2%, but to give you an idea some of the

weird action in the bond market today, you have the two year down a couple basis points,

you had the six month down six basis points, and then you have the 10 year, like I say,

up seven basis points, and 30 year, up 13.

That's quite a bit of steepening in the yield curve when yields in the low end we're coming down,

the high end going up.

And it's just been so long since we've seen something like that.

So a little steepening in the curve.

But fundamentally, actually, let me get through the data and then I'm

going to give you some commentary on why this matters, because it matters a lot. Energy was the

top performing sector today. It was up about 1.2%. Consumer staples were the worst performing sector.

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