Weekly Commentary | August 25, 2024 | Buys: RSF, BST, FLC/LDP, BXMX, JEQ, EMO
Summary
S&P 500 hits record high as Fed Chair hints at interest rate cut; Nasdaq still below July record.
Payroll revisions show 818K jobs lost, pushing interest rates lower and impacting market sentiment.
Muni CEF discounts remain near cycle lows, while taxable CEFs show mixed performance with some discounts widening.
Macro Picture
The S&P 500 moved back in…
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