Weekly Commentary | April 20, 2025 | Best And Worst NAVs, BTX, FMY/BKT/JMM/DLY
Summary
The markets were mixed with small caps outperforming; S&P 500 and Nasdaq down, while international markets saw gains due to tariff reprieves.
Discounts in taxable bond CEFs are improving, while muni CEFs face wider discounts; convertibles and CLOs show significant NAV drops.
Recommended investments include FMY, JMM, DMO, and DBL for stability; DLY …
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