DoubleLine’s Jeff Mayberry and Samuel Lau kick off their review of the Aug. 9-13 market week with some sly commodity futures humor before running through the indexes and expressing their strong aversion to surveys. Materials and financials led the S&P 500 Index; over in commodities, gold was actually up. On the macrofront, JOLTS registered an uptick in job openings while the CPI data provided support for both the transitory and persistent positions on inflation. For the Question of the Week (starts at 9:19), Jeff and Sam return* to the topic of options for yield-seeking investors with a discussion of closed-end funds. The duo breaks down how they operate, their inherent risks, and how they compare to open-end and exchange-traded funds. Looking ahead, Jeff and Sam expect another slow summer week. This episode was recorded before market close on Aug. 13, 2021.
*Jeff and Sam discussed preferred stocks in the Episode 26 QoW (July 26-30) found here: https://doubleline.com/podcast/mmm-episode-26-july-26-30-recap-question-of-the-week-and-outlook/
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