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

Welcome to Dividend Cafe. Brian Saitel with you. Here is your host this evening here on Wednesday, April the 8th, on a big rally day across the board. This was one for the record books. You had the Dow close up 2.85 percent. That's a little over 1,300 points, 1325 to be exact. You had the S&P close up 2.5 percent.

NASDA got 2.8%.

And last night, we got news that the US was granting a two-week extension to Iran for deal

progressions and negotiations in exchange for a temporary reopening of the Strait of Hormuz.

You had oil prices on WTI come down overnight, 16%. And all of that held through the entire

trading day. Usually this stuff opens up at that big move in the morning and then can fade a little

bit as the day trades on. You saw that a little bit about an hour before the close, but then things

resumed and you ended up not quite to the highest, but pretty darn close.

So a big day up on markets, and that was across the stock market.

The bond market also rallied a little bit.

He had the 10-year down about a basis point.

We closed at 4.30.

So you had CPI futures come down on inflation with a lower energy price.

Again, 16% is the biggest one-day move that we've had since 2020.

You also had Fed futures pricing the higher likelihood of Fed rate cuts with that lower input cost and inflation data.

So you had a little popery of good as far as what the market was concerned with.

The S&P is now up for six straight

sessions and it's back to about 3% within its all-time closing high in January. So all this to say,

if you think about what was exactly 12 months ago from today, which was Liberation Day time

period in the market low of April 8th of last year, that was almost a 20% drawdown, not quite. This wasn't even 10 at the

worst part, and now we're only down about three. Significant, yes, stressful, yes, all of those things,

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