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…