Weekly Commentary | November 26, 2023 | Euphoria Seems To Be Everywhere, Including With CEF Distributions

Summary

• Stocks are finishing one of the best months ever as interest rates have fallen back, with the S&P up over 8% on the month.

• The Federal Reserve may not need to hike interest rates further, but rates will need to remain restrictive for some time.

• Default rates are rising due to the Fed's efforts to slow down the economy and get inflation back to its …