Daily Note | October 24, 2023 | Nuveen Pumps Up Muni Distributions

Summary

• Markets are up on strong earnings reports, with Google and Microsoft reporting after close.

• 77% of S&P 500 companies have posted earnings surpassing expectations.

• Bill Ackman unwinds bet against US government bonds, while Bill Gross anticipates a recession by year-end.

• Nuveen pumped up their distributions on their muni CEFs by 7% to 22%.

• In short, th…