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 dividend cafe. I am at the tail end of what has been incredibly productive and informative and stimulating week.

And we're recording from our New York office studio in the middle of the market day on Friday.

And I don't know.

I think I've been in office three times all week.

And for very brief periods, I mean, how many meetings we've had outside of the office has been an absolute whirlwind, very, very long days and very high quantity of meetings.

And really some meetings with money managers, with hedge funds.

There was one day there was a symposium of different economists and more global macro type

guys.

But either way, the amount of information we brought in has been really substantial.

And I think that some of the takeaways are going to be really, really valuable.

So I need to consolidate that, organize it.

Our investment committee had an initial kind of autopsy type meeting last night,

but then we've had a couple more meetings here today.

And so we're going to tie a bow around what we're trying to take away from this.

And then we'll create a client deliverable of just sort of key takeaways and summaries and

thoughts and probably be back at you, maybe even Diving Cafe talking more about it.

So today, rather than kind of go to some of the key takeaways and lessons from the

week, I do want to just have a brief conversation about our view right now in terms of this

tension between short and intermediate view of the markets.

Because I would say the vast majority of the time,

we have a view that is short-term agnostic, meaning I have no idea and don't care what the

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