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Morning Note | September 28, 2023 | NRGX Soars On NAV Adjustment

Morning Note | September 28, 2023 | NRGX Soars On NAV Adjustment

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Yield Hunting
Sep 28, 2023
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Morning Note | September 28, 2023 | NRGX Soars On NAV Adjustment
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Summary

  • Markets set to open lower after flat close, Dow recovers from 400-point drop.

  • Yield curve disinversion as oil surges, mixed commodities, lower US dollar.

  • Concerns over economy, bank failures, stock and bond correlation, CEFs down, real estate and utilities hit hard.

  • NRGX rallied strongly on the news of its conversion.  It's still a buy here.

  • PDI look…

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