Daily Note | March 21, 2024 | Loan CEFs Are Overpriced

Stocks are up a day after the Fed meeting sparked a nice rally in the markets yesterday. The Fed kept rates steady as the market had expected. Plus, there was only one change from the January statement and it was small. They only removed the word moderated in reference to job gains and simply stated "job gains have remained strong."

Slightly hawkish. Eve…