Weekly Commentary | December 27, 2025 | Preferred CEFs, Financial CEFs BANX / FINS, PTY
Summary
Equity markets remain at all-time highs, supported by robust GDP growth and resilient consumer spending, with recession risk seen as negligible near-term.
CEF discounts have generally tightened, especially in EM Debt, covered calls, and utilities, while taxable munis and preferreds saw wider discounts amid rate volatility.
I favor preferred CEFs li…
