Daily Note | October 11, 2024 | Wholesale Inflation, SRV Rights Offering
Summary
Markets are slightly up after mixed inflation reports and strong earnings from JP Morgan and Wells Fargo.
UBS advises positioning for a lower-rate environment, recommending bond ladders, investment grade bonds, and equity income strategies.
Muni CEFs are attractive with significant year-to-date gains; expect further upside as rates decline.
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