Weekly Commentary | September 3, 2023 | A Couple Of Large Distribution Changes Open Up Opportunities

Summary

• US labor market cools, raising hopes for a soft landing in the economy.

• EPS forecasts have risen significantly in the last month, almost back to prior-year highs.

• Unemployment rate hits a 17-month high, with only 187K new jobs created in August.

• RA cut the distribution 40% and the price plummeted.  I opened up a small position.  ZTR also cut big.  I…