Daily Note | October 2, 2024 | Minor Dist Changes, GDO Tender, MUI Conversion, PIMCO Muni CEFs

Stocks are down for a second straight day to start the month of October likely due to escalation in the conflicts in the Middle East. The S&P is down -0.2% but the Nasdaq is down a bit more at -0.5%.

Oddly, interest rates are up which is not something you would typically see with markets down and geopolitical conflict escalation. More often, there is a f…