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 daily edition of the DC today, your daily market recap.

And contrary to popular belief every now and then markets can rally

and you had one of those days today even in the midst of a bare market you had a lot of

upside momentum but didn't start that way last night the NICA at one point was down 600 points

well over 2% and although after the time

I went to bed it came back a bit it closed down one and a half percent three hundred

ninety seven points so um you you I definitely woke up to a very challenged market and here's

what happened and it did not create the rally in markets right away.

But I want you to think back to what I said yesterday about my working theory that the

liquidity coming out of the financial system and the upward pressure on U.S. bond yields

and really all sovereign bond yields

globally was putting the Fed in a very difficult position and that the Fed was likely going to use

quantitative tightening to blink before the Fed funds rate. Well, I think it was 340 in the morning Pacific time that I started getting pop-ups and

beeps and bulletins about the Bank of England actually announcing that they were going to

use bond buying as a mechanism of stabilizing their currency and bond yields.

Okay, they have been doing quantitative tightening, and they announced they were going to do

when they call it bond buying.

That's called quantitative easing.

Within 24 hours, what I said about our Fed, so it's a different, I didn't like get a prediction

right.

I'm just pointing out that another major country one day later did the same thing I was talking about yesterday.

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