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Well here we go again. Will it be a wild week–as most have been in recent times or will it be a little more calm this week? A few things to watch this week are the release of FOMC meeting minutes on Wednesday afternoon–I am certain there is little to…

Wow talk about missing the mark with earnings–Walmart and Target laid giant sized earning misses on the market. Analyst thought Walmart yesterday was a one off–but Target proved that wasn’t the case by missing by about $1/share today. These are omino…

Small and kind of Junky insurance company Conifer Holdings (CNFR) has registered a new offering of notes. The company has an issue of notes outstanding with a maturity date in September, 2023, but which are currently callable (as of 9/2021). The old is…

Should there be any doubt whatsoever that we will have a wild and crazy week? I don’t know if interest rates will be wild, or if it will be isolated to the stock markets–probably both. At this moment we don’t have any Fed officials scheduled to shoot…

Listing of closed end fund preferreds In 2011 I wrote a short article on Seeking Alpha about preferred stock offered by closed end funds (CEF’s)—and I have loved CEF preferreds ever since that time. What’s interesting about the article I mention abov…

It seems almost daily there is either new economic data or a Fed official shooting their mouth off trying to prove how ‘hawkish’ they are now after totally missing the boat for a year. Yesterday the 10 year treasury closed at 2.99% after trading as hig…

While last week felt like a dramatically down week for the S&P 500 it was NOT–the S&P 500 fell by a measly 7 points on the week–less than 1/10%. Of course the moves up and down were giant sized with 3% moves on Wednesday and Thursday. Right n…

With yesterdays melt up in stocks and income issues I was very pleased to look at the accounts last night. Nice gains all around. Of course suspecting this was a ‘fake rally’ I didn’t get overly excited–and today has proven that its ‘easy come, easy g…

Once again Sachem Capital (SACH) is coming to market with a new not offering with a maturity date in 2027. The company had just done a note offering on 3/4/2022 with a coupon of 6.00%. Sachem has many note offerings outstanding as well as 1 preferred i…

Now that the talk is about over it is time to get interest rates up 50 basis points. The FOMC ends their meeting today and Fed chair Powell will speak. All this yakking every day about how much the Fed will lift rates today is getting old–no matter wh…

Last week continued to show us plunging stock prices with a loss last week of 3.3% for the S&P500. Of course Friday was a painful grinding lower day for the index. I suspect this will continue, but there will be days with bounces. The 10 year treas…

The new Rivernorth Opportunities Fund 6.00% preferred (now RIVOP) has been approved for trading on the NYSE. This is a Moody’s A1 rated issue. Let’s hope we see it Monday/Tuesday.