Weekly Commentary | January 28, 2024 | A Look At Saba's Attack On Orphan CEF HYB

Macro Update

The US economy continues to show its resilience growing at a much faster than expected +3.3% annualized rate adjusted for inflation. The consensus was looking for +2.0%. The number was lifted by strong consumer and government spending.

In addition to strong growth, we experienced a bit of a Goldilocks day with Core Personal Consumption Expend…