Weekly Commentary | August 18, 2024 | A Look At SPMC, Muni CEF Buys, Taxables Rich
Summary
Equities had a strong week in 2024 due to softer inflation data and better economic growth data.
Gold continues to rise, up 21.4% this year, possibly signaling market volatility ahead.
Muni CEFs offer value, with tax-free muni discounts tightening and taxable discounts remaining tight.
Macro Picture
Soft landing hopes were rekindled this week as we h…
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