Daily Note | August 8, 2024 | Sell GBAB, Buy FSCO, Don't Subscribe To PCF Rights

The healing from Monday continues with markets with indices up around 1%. Stocks are down 4 out of the last 5 sessions. Stocks had nice gains yesterday but were unable to hold them with the S&P down 0.8%. Yields continue to retrace and move back up with the 10-yr at 3.97% after briefly falling as low as 3.67% at the open on Monday.

Tuesday's move looked …