Summary
Equity markets rebounded strongly, with the S&P 500 up 1.7% and Nasdaq up 26.6% YTD, while international stocks lagged.
Interest rates remain stable around 4.4%, with limited movement expected; long-term bonds yielding 6.0%+ are recommended for income.
Muni CEFs offer better risk-reward payoffs, especially in taxable accounts, due to rich valuation…
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