Weekly Commentary | July 19, 2026 | GUG Sell, Muni Swaps, MUA/RQI Rights Offerings

Jul 20, 2026

∙ Paid

Summary

Geopolitical tensions and AI sector volatility have driven market pullbacks, but earnings growth and lower valuations present attractive entry points.
Fixed income CEFs, particularly investment grade and multisector, remain undervalued; I favor TSI, FLC, PCN, FSCO, and FSSL for income portfolios.
Muni CEFs have rallied, with several trading at prem…