Daily Note | April 18, 2024 | CEFs Still Highly Additive To Performance

Markets are choppy again this morning as the losing streak stands at four straight days. The reason for the weakness has been a higher for longer interest rate environment and corporate earnings season heating up, plus a smidge of geopolitical conflict.

For the week, the S&P is down nearly 2% with the Nasdaq down nearly 3%. That puts the Nasdaq on pace f…