Weekly Commentary | June 16, 2024 | CEF Holders Are Winning. Discounts Tightening

Summary

• US inflation reports led to lower interest rates and higher stock prices, with the S&P 500 up 13.9% for the year.

• Fed held rates steady, with only one hike expected for the rest of the year and a 2024 inflation view of 2.8%.

• Emerging sovereign debt crisis in Europe may lead to a rise in the dollar value versus the euro.

Dilok Klaisataporn