Weekly Commentary | May 10, 2026 | Tech CEFs, PIMCO, TYG Rights
Summary
Equity CEFs, especially in tech and emerging markets, are delivering outsized gains, with the S&P 500 and Nasdaq sharply higher and EM up 24% YTD.
Semiconductor and memory stocks are driving AI-related ETF inflows, with DRAM reaching $5B in assets in under two months.
Discounts in muni CEFs are at multi-year tights, while preferreds and high yield …
