This 10.3% Dividend (at a 13.3% Discount) Is Perfect for a Fed-Driven Market

These days, everyone is on guard for a recession. And the inverted yield curve is only adding to those fears. Sure, a recession may be in the offing, but I don’t see one starting anytime soon. I don’t know about you, but I’ve never seen a recession hit when corporate profits are soaring like they are today—up 40% from pre-pandemic levels and forecast to keep rising: Source: Wells Fargo Economics This “profits-up, stocks-down” dynamic (the S&P 500 is still down about 4% from the start of the year as I write this) makes now a good time to buy, particularly if you’re doing so through my favorite high-yield investments: closed-end funds (CEFs), like the one we’ll discuss below.… Read more
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