Weekly Commentary | July 30, 2023 | Not Much Enticing In Taxable CEFs

Macro Picture

Stocks ended the week higher as the Dow Jones Industrial notched its longest winning streak since 1987 with 13 consecutive up days.  I would note that trading volumes have been relatively light, as summer vacations heat up (see what I did there).  

We also had the FOMC meeting where the Fed raised rates by 25 bps and megacap tech started rep…