Updated: October 2, 2023
What happened to the stock-market rally? Simple: it’s been undermined by two overdone fears: of a housing-market correction and worries around a government shutdown.
But well reported-on events like these rarely have the big impact most people think they do. In fact, this pullback in stocks is a buying opportunity, particularly in high-yield closed-end funds (CEFs).
Don’t Buy the Gloom Narrative Around Stocks
Before we get to potential strategies and buys, I do have to say one thing: don’t let anyone tell you stocks are doomed. This year has too much positive sentiment, and the S&P 500 still hasn’t reached all-time-highs, so this isn’t a pause in a bull market.… Read more