Weekly Commentary | December 3, 2023 | CEF Discounts Take A Breather

Summary

• In November, the S&P 500 rose over 9% and the Bloomberg US aggregate bond index rose over 4.5%.

• The PCE index rose 0.2% m/m and +3.5% y/y, down from September's figures.

• Continuing jobless claims hit a 2-year high at 1.93m, indicating potential softness in the labor market.

• FS Credit Opps (FSCO).  The shares rallied bigly on Friday, perhaps in antic…