Weekly Commentary | March 16, 2025 | PAXS/PCN Look Good, FT/EVM Swap Out
Summary
The equity markets experienced significant declines, with the S&P 500 down -2.5% last week, contributing to a -8% monthly drop and -4.42% YTD decline.
CEF market saw modest widening in taxable discounts, with sectors like high yield, senior loans, and preferreds facing selling pressure.
PIMCO funds like PAXS and PCN are becoming attractive buys due…
