Weekly Commentary | July 12, 2026 | A Look At Discounts, MMT Increase, JOF Tender
Summary
The S&P 500 gained 1.2% for the week, with tech and energy sectors both advancing despite geopolitical tensions and elevated Q2 earnings expectations.
Closed-end fund (CEF) discounts are tightening, with muni CEFs nearing NAV and taxables at a -5.5% average discount, signaling a less attractive entry point for munis.
abrdn Multi Market Inc (MMT) ra…
