Hide Your Wife and Kids - It's July 1st
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So it's July 1st.
According to Meredith Whitney, speaking with CNBC this week, munis are going to implode.
Wait for it. Waaaaiiiittttt for it.
The WSJ put out a report today showing that, amid extra-hard praying and several ceremonial dances, munis were, in fact, the top performing fixed-income group in the second quarter. WSJ says munis had a total return of 4.36 percent in the period, beating 7to 10 year Treasuries at 3.88 percent, and international corporate debt at 3.34 percent.
Further, the S&P 500 tracked down 1.67 percent in the quarter.
So maybe Meredith will turn out to be right but nothing at this point appears imminent.
According to Meredith Whitney, speaking with CNBC this week, munis are going to implode.
Wait for it. Waaaaiiiittttt for it.
The WSJ put out a report today showing that, amid extra-hard praying and several ceremonial dances, munis were, in fact, the top performing fixed-income group in the second quarter. WSJ says munis had a total return of 4.36 percent in the period, beating 7to 10 year Treasuries at 3.88 percent, and international corporate debt at 3.34 percent.
Further, the S&P 500 tracked down 1.67 percent in the quarter.
So maybe Meredith will turn out to be right but nothing at this point appears imminent.
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