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Remain renting high yield mutual funds…. as prices continue to move higher while they spit out a nice distribution rate/yield. (On average around 7%). Many are using the high yields as an equity replacement in their portfolios. They aren’t up near as much as stocks over the past few months, yet the yield is adding almost 65 basis points to the portfolio every month (plus some NAV appreciation).
Will continue to own these until they break below their respective moving averages or break rising support lines. So day that will happen, yet so far, prices aren’t reflecting weakness.