Morning Note | Aug 22, 2023 | FMY Raises The Distribution By +13.8%

Good Morning!

Markets are up slightly with no major news or catalysts to drive overall market direction. Yesterday, stocks finished mostly higher led by tech gains from Palo Alto Networks which rallied 15%.  China-related concerns persist. Policymakers made smaller-than-expected cuts to loan prime rates, but again stressed more efforts to increase suppor…