Welcome to the Dividend Cafe, weekly market commentary focused on dividends in your portfolio

and dividends in your understanding of economic life.

Hello and welcome to the daily recap of the Dividendon Cafe. You had a rally day in the market

today with the Dow up 331 points, almost 1%.

The S&P was up half of a percent, and the NASDAQ, up a quarter of a percent.

Ironically, you had every sector in the green except for technology,

and technology was only down a quarter of a point, but you had real

estate up 2.3 percent utilities at one and a half, and energy almost at one and a half.

So a strong day for some of the defensives and dividend-oriented sectors, and it was actually technology and the NASDAQ that

kind of lagged a little bit. The 10-year bond yield did drop 2.8 basis points on the day down to

4.45 percent. And a lot of the rally picked up throughout the day. It was sort of a

second half of the day type of rally. So some of the theories that the market was responding today

to a little worse than expected weekly jobless claims number, it isn't a totally coherent theory to me.

That doesn't mean it's impossible. The idea being, oh, the fact that we kind of had our first

difficult weekly jobless claims in a while today, and that may have increased confidence in the Fed cutting rates sooner than later.

Those theories are always fine. There's most certainly a lot of people that are looking for that

kind of reductionist to simplicity. But the problem with that theory is that the weekly job was

claims came out an hour before the market opened and a good portion of the market

rally today really didn't take place until the second half of the day. The full first hour,

almost hour and a half took its time getting up and then it kind of went flat for a number of

hours and then it had a whole

second rally in the in the final uh let's call it hour two hours of trading so i i don't know that

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