Weekly Commentary | November 17, 2024 | Corporate Actions Galore, Buffers

Summary

• The S&P 500 retreated by 2% last week but remains up 23% YTD; CPI inflation data was in line with expectations.

• Discounts in CEFs widened, particularly in high yield and real estate; MLPs and national munis performed best.

• Portfolio strategy: shift some equity gains to buffers and bonds to protect against downside risk and maintain asset allocation.