Friday morning, I mentioned to my wife that it was time for us to log into her 401(k) and move it back into stocks.
“Funny,” she said. “On NPR they just mentioned that money managers are moving into cash.”
If that isn’t a contrarian confirmation that a short-term low may be in, I don’t know what is!
Aside from the scaredy cats running money, there is also a misinformation campaign floating around about closed-end funds (CEFs). Since these vehicles are a favorite source of 7%+ dividends for us, we’re going to bust apart these lame claims today.
Then we’re going to roll into two CEFs that are savvy buys now, as Jay Powell starts cleaning up the inflationary mess he made by leaving the switch on his money printer stuck in “high.”… Read more