Here’s some great news as we head into the summer market doldrums: we’ve got a terrific setup to buy, with stocks rallying, economic data strong—and the S&P 500 (and many high-yielding closed end funds) still cheap.
These bargains exist because of the media’s constant bleating about a recession. But that, of course, has been completely wrong—and I expect it will continue to be.
The key takeaway is that our buying opportunity in CEFs is as strong as it’s been since this rally started in January.
This post appeared at Dividend Stocks Research.