Weekly Commentary | May 4, 2025 | Some Months You Get Years Of Returns

Summary

• Markets extended their win streak in early May, driven by strong payrolls and resilient labor market, with S&P 500 up 2.9% and Russell 2000 up 3.3%.

• International markets performed well, with MSCI EAFE up 2.3% and MSCI EM up 3.6%, benefiting from a falling dollar and potential trade talks with China.

• CEF discounts are narrowing, with taxable bond C…