Daily Note | October 17, 2024 | AVK Rights, Muni CEFs, Gov Agency Bond

Chipmakers are rallying, helping markets reach new highs. Taiwan Semi was up 9% after reporting strong third-quarter results.

We had new economic data that also helped buoy stocks. September's retail sales showed that consumers are still spending. The monthly sales figure was up 0.4%, ahead of the +0.3% estimate.

Jobless claims also came in lower than exp…