Yield Hunting Newsletter August 2024 | Rates Coming Down As Economy Cools

Summary

• The S&P 500 ended the month up +1.2% but the story has been the 10-year yield falling down to 4.03% by July 31st, from 4.25%.

• Rates are expected to decrease, with a near 100% probability of a cut in September.  Recent data suggests a potential recession in 2025.

• Investors are advised to focus on small and mid-cap stocks, municipal closed-end funds,…