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The Baby is Getting Tossed Out With the Bath Water

It was bound to happen–all common stocks have been pounded lower and now the baby (preferreds and baby bonds) is getting tossed out with the bath water.

Since last Friday the average $25/share preferred and baby bond has fallen 50 cents (2% more or less).

Of course shipping is the worst being down $1.20 since 2/24/20, while CEF preferreds are off just 16 cents.

Here is the loser list No particular theme–but a bunch of issues off 2% or more.

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