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

Welcome back into Dividend Cafe this afternoon of Wednesday, November the 12th. Brian Saitel is with you here.

To give you an update on our daily market recap, we've got kind of a third day in a row.

Actually, I would say today is much like yesterday.

Monday was the big update, but you basically have a three for three on the Dow, three updates.

So today, Dow is at 326 points.

S&P was up a little bit, four points, NASDAQ was down again. So this continued

rotation from tech AI growth into more value-oriented parts of the market continues on. The

equal weight S&P has outperformed the market cap weighted S&P now, five days out of six. So it's a decent amount of shift here

as we're getting into this sort of holiday season and into the year end after such a big

run-up in some of those other sectors. Case and point, in the comment in there, there's a chart of it,

which is, I think, unlikely to most is just the fact that TLT, which is the 20-year Treasury Exchange Traded Fund,

is outperforming the Bitcoin ETF or Bitcoin spot price on the year.

So for all of the fun and volatility and attraction to this literally shiny object, this Bitcoin thing year-to-date,

and actually take it back,

that was since Trump's election, which is actually a little bit more than year to date. So we're

going back since about a year ago. But nonetheless, the point is just those volatile things can be

volatile. And so what ends up happening when you get these runups in growth is just like it happened

in the late 90s. You were basically an idiot to not own most or all of your

portfolio technology back then. Everybody did. Nobody owned defensives and nobody owned financials

or energy companies or staples. And then you had 15 years where the exact opposite happened. And

it's hard to say that that will happen again the same way. But our point is just be aware of it.

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