Yield Hunting | July 2022 Newsletter And Updated Sheets

Summary

• Markets finished their worst first half since 1970 with the S&P 500 down just over 20%.  The market was down about 15% in the second quarter alone.

• Credit has been less susceptible to responding to the economic slowdown but we believe that will change.  There are many reasons why credit hasn't responded and we discuss below.

• Closed-end funds are st…