CEF Weekly Review: A Stutter Step
Sunday, March 14th, 2010Joe Eqcome submits:
Outlook: Equity markets searched for solid footing for next move upwards. Consumers’ resilience as expressed by stronger retail sales is a big plus as they dominate the US economy. Emergence of financials added an element of comfort. However, generally positive economic news is being met with an S&P 500 reaching its January high with investors looking for the next catalyst…clearly jobs!
CEF Weekly Review: The 13 closed-end fund (CEF) types on average posted a 0.3% increase for the week ending 3/12/10. The high-low spread was 1.9% vs. 4.7% last week. On an aggregate, unweighted basis, the weekly average price change for the 500 CEFs was up 0.2%.
