Weekly Commentary | November 23, 2024 | High Yield Rich, NPFD Trim,, NMCO, MMD, FMY Buys

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…