This has got to be the most “hidden” (maybe hated?) stock-market run I’ve ever seen.
The headlines are all doom and gloom (I think you’ll agree), but behind it all, the stock market is on a roll—returning 31% in just the last year. That’s more than triple the market’s long-term average yearly return of around 10%.
Where does that leave those of us who look to stocks for growth and income? Is there more runway ahead, or is it too late to buy in?
In my opinion, this 31% gain is setting the table for more, and we’ll get into exactly why in a moment. The setup we’ll break down is doubly attractive for investors in closed-end funds (CEFs), where we can get a discount on what we’d pay if we bought stocks through an ETF or directly on the market.
This post originally appeared at Contrarian Outlook.