Just forget about all of the tariff issues and the tensions in the Mideast–all is good in the world. At least that is what common stock buyers are saying today–all was bad yesterday–but all is fixed now (not).
The 10 year treasury is trading at 2.42% so there seems to be a disagreement whether we should have euphoria today. For sure Goldilock’s has left the room.
Looking over our holdings and preferred stocks and baby bonds in general we aren’t seeing much action up or down. Ex-dividend dates are playing into some downward action (i.e. Arbor Realty issues are ex today), but outside of the normal suspects of shippers and junky issues things are fairly quiet.
For sure we wouldn’t mind a little interest rate scare to create a bargain here or there–for the most part the 3 month rise in prices has taken all of the bargains off the table so not much out there that we are eager to buy. For now we will just try to do some dividend captures etc., although even that game has become more difficult than it was a few months ago.