Daily Note | Dec 8, 2023 | GIM A Good Buy Here

Summary

• The jobs report was better than expected, with 190,000 new jobs created and the unemployment rate falling to 3.7%.

• Average hourly earnings rose by 0.4%, the strongest rate this year.

• CEFs' NAVs continue to rise, but discounts have failed to close further since November.

• We've seen PCM, BTA, JLS,, and FMY really move up in valuation in the last week.

• …