Daily Note | August 30, 2024 | Buy NPFD As Preferreds Booming, EHI Rights Offering

Markets are up following the PCE price report which showed a +0.2% increase m/m and +2.5% y/y. Those were right in line with estimates. On a core basis, prices were also up +0.2% m/m.

August is closing out today and as we realize the fourth straight up month with the S&P gaining +1.3% (before today's return). The Nasdaq could end up down as it is lower b…