Weekly Commentary | December 7, 2025 | TSI Focus, Muni Funds Spike, ZTR Tender Offer

Dec 08, 2025

∙ Paid

Summary

Stocks are nearing new highs, with macro conditions supporting a risk-on stance and commodities favored in the current inflationary environment.
Closed-end fund (CEF) discounts widened in taxables but tightened in munis; select funds like FSCO and PMM saw notable discount closures.
TCW Strategic Income (TSI) stands out for high-quality exposure, mi…