CEF Weekly Review: Air Pockets Ahead
Sunday, March 21st, 2010Joe Eqcome submits:
Outlook: While markets seem to be cruising along in a stealth rally mode at a low altitude with a mild economic tailwind, political “air pockets” lie ahead. A potentially dysfunctional government and outright partisan enmity may impose economic uncertainty and market instability up to mid-term elections. This could lead to a near-term correction and a longer-term buy opportunity. Odds: 40%.
CEF Weekly Review: The 13 closed-end fund (CEF) types on average posted a 0.4% increase for the week ending 3/19/10. The high-low spread was 1.1% vs. 1.9% last week. On an aggregate, unweighted basis, the weekly average price change for the 500 CEFs was up 0.3%.
