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 day of the DC today, a podcast. We had kind of a up and down day throughout markets, all three indexes closed in

positive territory. There was a bit of intraday volatility, though, not anything massive,

but look, the Dow ended up closing up just 10 basis points. I think it was about 30 points or so. And yet it traded in a 400 point range

up and down on the day. And so you you had kind of an uncertainty. Not a big surprise there. The NASDAQ was up

74 basis points and the S&P was up 34 basis points. So, you know, you kind of stopped

going down today, but there wasn't any meaningful bounce to note. I would point out, though, that

energy was the top performing sector to the upside today. And it was pretty meaningful. It was up

two and a half percent.

And the worst performing sector was real estate, a bit more rate sensitive. I think it was down

about 1.3. The interesting thing that I want to comment on is that big tech, not just technology at large, NASDAQ,

there's a lot of smaller cap and junkier names that did pretty well in that little recovery

from late August up through yesterday. But like Fang and the big cap names, they really lagged even in the recovery. And then in

the huge selloff of about 1,300 points yesterday and a down over 5% day for the NASDAQ, they

were down more. So it's very uncommon that you would have something kind of lag on the

upside and then lag again on the downside. I think it does speak to a shift that we've been seeing

for some time play out in leadership in the market. And I just simply do not believe that leadership

resides in big cap tech right now. And it'll be interesting

to see how more of that plays out. So, you know, the average stock in the market right now is

doing better than the overall market. And it can happen the opposite as well. But what that

basically means is because of the cap weighted nature of the market,

where bigger size companies are weighted a lot higher, that if you're doing real well in

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