Weekly Commentary | November 5, 2023 | A Panic Buying Frenzy In CEFs
Summary
Equity markets had their best week in two years due to the "bad news is good news" dynamic, with weakening labor market data.
The Federal Reserve's statement was seen as more dovish, leading to a significant drop in the 10-year benchmark bond yield. VIX fell below 20 - a potential sell signal.
Bottom line, we should see a rally in all risk assets …
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