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

Good evening and welcome back into Dividend Cafe. This is Brian Saitel back with you. Here's your host this evening from our Newport Beach, California office here at the Bonson Group.

On a follow-through day in markets, we had an update yesterday, and we've got a pretty robust follow-through here today.

The Dow was up 612 points. S&P was up a percent and a half, and NASDAQ was up a stunning 2% on the day. So big up move,

mostly predicated on a decrease in oil prices. So WTI was down about 7%. And you can guess the

reason as to why there's positive development in a deal happening in Iran. And that's moved oil

lower. It moved bond yields lower. 10-year yield was down

seven basis points. We got down to 435 on tens. So markets are feeling better. We're in the middle of

earnings season, and we wrote about this yesterday, but with two-thirds having reported at this point,

obviously it's going better than expected, and everything from

capex and AI to most other sectors, things are going quite well. Even the private credit names,

individual stocks that have reported have really beaten largely expectations around a sector that

the media, I think, is broken, and the lenders and the borrowers know isn't. So that's what's going

on a private credit, which is that there isn't anything unusual really going on under the hood there.

But when I looked under the hood of the stock market, we've seen this meltup now in markets.

The Dow is up maybe four or so, four and a quarter percent on the year.

S&P is up almost eight.

Nasdaq's up about 11 and a half, about 11 and a quarter on the year.

Or this is May 6th, so we're not even halfway through the year.

Stocks are up.

If you peel back the onion a little bit and just look at our things overvalued, you can

look at PE ratios, but there's some

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