Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life.

Welcome to Dividend Cafe. This is Tuesday, November the 26th, in a fairly quiet trading week with the Thanksgiving holiday just the day after

tomorrow coming up. And I first off, want to wish everyone a lovely and happy Thanksgiving with

your families here if I don't speak to you. But in the meantime, we actually had a market sell-off

this morning turn into a recovery and positive momentum almost consistently the entire trading day,

closing at highs of the session or thereabouts.

So we had positive action in stocks modestly.

We had a small sell-off in bonds with a 10-year up about three basis points on the day.

We closed at 4.30 on the 10-year in markets. And a couple of different pieces

of news out on the economic front. There was a lot of discussion around the Fed minutes that were

released from the last meeting. They talked about the expectations of rate cuts and the timing

of them being data dependent. That's nothing really new. But they also talked

about the reverse repo rate and some other factors in those minutes that were a little bit new.

And markets took most of that in stride. This is, these minutes get released after the fact. So a lot of

this data was already released in the press conference that Powell gave following the meeting itself.

But Fed Futures still show a 40% chance of no rate cut in December.

I suspect likely they'll still do one, but there's a lot of things that can come up and change those things.

And so we'll give that a little bit of time.

But for now, the bias is certainly towards another

25 basis point rate cut in a couple of weeks here.

Have other things happening, too, from now and through the end of the year and then into

first quarter that'll drive much of where the Fed's going to take interest rates, things like

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