Weekly Commentary | August 31, 2024 | Disinflation Roars On, TSI/RLTY/MUA Rich, PIMCO

Sep 02, 2024

∙ Paid

Summary

The S&P 500 recovered from a 10% correction, finishing August just below its all-time high, driven by positive GDP and PCE inflation data.
Tightening discounts in the CEF market, particularly in taxable and muni CEFs, suggest a strategic focus on selective allocations, with PIMCO funds being favorable.
Inflation continues to decline, aligning with …