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,…
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