In this Dividend Cafe market update, Brian Szytel reviews a rotation day where the Dow rose 182 points while the S&P 500 and Nasdaq were flat, with the 10-year yield around 4.48% and Brent crude down nearly 5%, easing inflation and rate expectations amid ongoing US-Iran deal speculation. With little new economic data ahead of a heavier slate tomorrow (including PCE), he compares today’s AI-driven enthusiasm to the late 1990s internet boom, noting similar multiple expansion themes and index concentration, but also differences in valuations and how closely recent market returns have tracked earnings growth after the 2022 selloff. He urges vigilance as the bull market matures and argues dividend growers have historically outperformed on a risk-adjusted basis, supporting a “both/and” portfolio that combines dividend growth with reasonable AI exposure.

00:00 Welcome

00:21 Market Snapshot Today

00:55 Quiet Economic Calendar

01:11 Late 90s vs Today

01:59 Valuations and Returns

03:09 Cycle Risks and Vigilance

03:51 WSJ Question on Dividends

04:20 Why Dividend Growers Win

05:39 Both And Portfolio

06:28 Conclusion

Links mentioned in this episode:

TheBahnsenGroup.com