Monthly Payouts (Yielding Up to 9.7%) That Are Jay Powell-Proof
Brett Owens, Chief Investment StrategistUpdated: July 29, 2020
“Brett, how you hanging in there?” My CPA leaned into his computer on our latest Zoom call.
“Well, every time Gavin Newsom talks, my life seems to get a bit worse.” (The governor of California had just announced that public and private schools would not open in the fall.)
He cracked up. “That comment reminds me of a column you wrote years ago about (then Fed Chair) Janet Yellen. Something about Yellen yapping and closed-end funds (CEFs) rising?”
“Right. Poor Janet. She sure was level-headed compared to (current Fed Chair) Jay Powell. Every time Powell speaks, gold pops!”
The reason is obvious.… Read more