Daily Note | August 6, 2024 | Some CEF Deals, Yields Overdone?

Markets are recovering a bit of yesterday's losses. The Nikkei experienced its best day since October 2008, rising over 10%. Of course, that came a day after it lost 12.4% and more than 20% over the prior two trading days.

Yesterday was one of the worst opens I had ever seen and it was the ISM Services number that helped change sentiment. It came in much…