Weekly Commentary | October 8, 2023
Summary
Equities are mixed, with the S&P down 3.5% and small caps down 6.9% in the last month.
The US jobs report shows a big upside surprise with 360K new jobs added in September, indicating a strong labor market.
Taxable bond CEF discounts widen, credit spreads increase, and muni CEFs face headwinds due to rising interest rates and tax loss selling.
Macro…
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