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 Brian Saitel with you here from our Newport Beach, California office here at the Bonson Group.

This is Tuesday the 24th, and we had

actually a rebound today in market, so pretty broad-based across the board. The Dow was up 370

points at the close. S&P was up 7 tenths of a percent. NASDAQ was up just a little over 1%. Rates on

the day were pretty flat, 10 years at 4.03. And there was a few pieces of economic data out that I'll walk through. But I first want to mention, at least some of the media headlines and some of the reports, that there could be in the state of the union address some, you know, tax relief, both on the personal and business side. Obviously, as a supply side or myself,

David is as well, this I think would be a good thing for the economy overall and for productivity and

for growth and all those things. We're very aware that for the most part, most of what we've

been talking about from the political side has been more tilted negative just because of, you know, believing in free trade and having tariffs and some of these government

stakes and private companies and different things like this. Obviously, those are, are not

aligned with my world view, at least. And I think most free market capitalists would agree with

that. But that aside, this policy on taxes may be just something that is quite nice,

but we have to wait and see on that. Outside of that, we did get the final number on tariffs over the

weekend. And I was on Schwab TV on Monday talking about a 15% rate that was floated on Saturday

for a broad-based tariff amount. We ended up at 10%. The reason is that

if they went to 15, they have to make everyone the same, and 15 was technically above what some of the

other countries had already in place. And so 10 is where we ended up. That's a huge amount of difference,

140 billion less in tariffs going into the coffers of the government, but that also comes out of the economy.

So no free lunch with where that money would come from, ultimately.

And so this is technically a good thing for growth in the economy.

Question in there today was about the private credit market.

I'm frankly surprised how much media attention this has gotten.

...