Weekly Commentary | January 12, 2025 | Rate Fears Drive Down Risk Assets, JFR Rights, FSCO Bump

Jan 13, 2025

∙ Paid

Summary

Stocks declined due to rate concerns, with small caps in correction territory and fears of persistent inflation driven by tariffs.
Muni CEF discounts tightened despite rising rates, suggesting tax loss selling pressures have ceased; January typically benefits muni CEFs.
Recommended focusing on PIMCO, preferred CEFs, and taxable munis; highlighted P…