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Well we got the lower inflation number this morning as the consumer price index (CPI) came in cooler than expected. Did that help equities skyrocket higher? Yes for about an hour and then folks said get me out! The S&P500 is now around even on the…

I just wanted to write a bit about what I am trying to accomplish in our portfolios for 2025. As always I have a goal for a return for the year–historically I like 7%. Why 7%? It is a number that simply has worked over many years–it covers inflation…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season has essentially ended so news will be slower until we get into mid April when…

I thought we might see a weak job openings and labor turnover (JOLTs) report this morning–but not so as it came in a bit better than forecast and stronger than last month. Regardless we apparently have folks who want out, although at a softer pace tha…

Untraded closed end fund (CEF) Priority Income Fund has called their 6% PRIF-H for redemption on April 9, 2025–the mandatory redemption on this one was scheduled in 12/2026. The announcement is here. This is the 2nd term preferred that PRIF has redeem…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season has essentially ended so news will be slower until we get into mid April when…

I’ve been looking around for something to buy—obviously a term preferred or baby bond with a maturity out a year or so. Certainly there is not much out there and my #1 favorite (XAI Octagon – 6.50% term preferred (XFLT-A)) doesn’t move lower and I al…

Well we are certainly in a pull back stage in equity prices with the S&P500 moving lower last week by just over 3% from the close the previous Friday. Inflation news and geopolitical events are destined to move markets in the days and weeks ahead….

Today we had the ‘official’ government employment report which came in acceptable–little soft to forecast and the unemployment rate rose from 4% to 4.1%. Markets have moved both ways in reaction, but now equities are down 1/3% and the 10 year treasury…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season has essentially ended so news will be slower until we get into mid April when…

These market movement are a bit stressing and today a little bit of pain is being felt in preferreds and baby bonds. Our accounts are off a bit – really wiggles more or less–the Fido account shows the month being off <.01%—thats a really nothing…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season has essentially ended so news will be slower until we get into mid April when…