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 Wednesday edition of the DC today. I actually am clearly not in my studio for those of you watching on the video.

But I just left the office about an hour ago, and I have a conference down in South Orange County this afternoon.

And so I'm recording just as the market is closed and we'll head downstairs to the conference in just a few moments.

Let me just briefly give the market synopsis and then

walk through a few things related to what I consider the biggest story in financial markets right now,

which has to do with the Bank of England. And when I say financial markets, I include

American markets, global markets, not merely for those rare non-British souls who might actually be invested in British sovereign debt.

I don't think there's a ton of that going on.

There's obviously some.

It's not the types of people likely watching or listening to D.C. today right now.

But it's a big financial market

story for other reasons I really want to go into.

Just to give you a little idea of the kind of intraday reality of market volatility right now,

futures were up about 200 points this morning, and then the PPI number came, the producer price index.

Let me just quickly tell you what the number was so you can see why in the real world it's a

nothing burger.

Their estimates were that core PPI would come in at 0.3%.

And it did come in at 0.3%.

The August headline PPI, which includes food and energy, was revised downwards a bit.

The September PPI headline, which includes food and energy, were up 0.4 and a little bit less than that had been expected.

The year over year producer price index

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