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 Dividend Cafe. This is Tuesday, April the 30th. And good to be with you here today.

Actually, it was a down day in markets.

The Dow closed. It was down all day, but just sort of slid lower throughout the trading day and

ended up closing right at the lows. The last basically 10, 15 minutes of the session, the selling

actually picked up a little bit and we closed down 570 points, which is about one and a half percent on the Dow

and the S&P was down about the same amount as far as percentage terms go. The NASDAQ was down

about 2%. So down day, closed to the lows. Tomorrow we have a conclusion of the Fed meeting. And so the of the fed meeting and so that's what markets are

sort of selling off for it in advance of what could be a hawkish tone from the fed given

inflation sort of sticking around here a little bit so you know good news is that I do think

they'll probably mention something about quantitative easing and slowing down some of that

the bond runoff a little

bit so you may get some recovery tomorrow but we shall see day to day is always tough to predict

the all sectors were negative on the day the health care sector was also negative but negative by

less than the others was just almost flat energy was down two and.5% a little bit more, 2.6% on the day.

We had a couple of news out, economic news.

There was a Chicago PMI number that came in weaker than expected at 37.9 versus 45.

Both of those numbers, whether it came out or what was expected or below 50,

so contractuary, contractionary.

But a little disappointment there on the PMIs in Chicago.

Consumer sentiment, again, this is always sort of a backward-looking indicator for us,

so we don't spend a ton of time on it,

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