New ETFs for Your Watchlist
What’s in Today’s Report:
- New ETFs for Your Watchlist
- What the Price of Oil Tells Us About the U.S./Iran Conflict
Futures are mixed as tech weakness weighs on sentiment, with Nvidia down sharply pre-market after reports of a second affair involving CEO Jensen Huang surfaced.
Economically, UK Monthly GDP rose 0.2% m/m vs. (E) 0.0% m/m, beating expectations.
Today, focus will be on Jobless Claims (E: 195K), Existing Home Sales (E: 3.860 million), with investors looking for further signs of labor market stability.
Turning to the Fed, there is a busy slate of speakers today: Hammack (9:00 a.m. ET), Barr (10:00 a.m. ET), Goolsbee (11:15 a.m. ET), Daly (1:10 p.m. ET), Schmid (1:30 p.m. ET) and Williams (6:10 p.m. ET).
Finally, earnings include CSCO ($1.15), AMAT ($4.06), BN ($0.72), NBIS ($-0.61) and CBRS ($-0.13).
Alpha Issue: Municipal Bonds: An Opportunity We Haven’t Seen Since 2008
Municipal bonds have had a difficult year, but the selloff has created an opportunity worth examining, especially for high-net-worth clients.
Municipal bond yields recently reached 4.78%, their highest level since 2008. For investors in the highest federal tax bracket, that’s a taxable-equivalent yield of approximately 8.1%.
And attractive yields aren’t the whole story. Relative valuations and resilient credit fundamentals make this opportunity particularly interesting.
In this week’s Alpha, we examine what’s driving the opportunity and identify three specific investment strategies to capitalize on it, including their income potential, costs, and risks.
Click here to learn more about this week’s Alpha Report and access the full issue.
