Daily Note | September 11, 2024 | CPI Day, Buffer ETFs, Ally Financial Bonds

Sep 11, 2024

∙ Paid

Summary

Markets are expected to open lower as August CPI data confirms a 25 bps Fed rate cut next week, with Core CPI slightly hotter.
Ally Financial's stock plunged due to poor results, but as bondholders, we only care about the company's viability to repay principal.
Swapped Ally 7.1% 2027 bonds for Blue Owl Credit Income 6.65% 2031 bonds, increasing yie…