Brett Owens

Current market volatility, influenced by the Fed, White House, and geopolitical events, presents unique opportunities for contrarian investors. Instead of low-yielding index funds like SPY (1%), the focus is on high-dividend Closed-End Funds (CEFs) for income and downside protection. The Nuveen S&P 500 Dynamic Overwrite Fund (SPXX), mirroring SPY's holdings, offers a 9.1% yield by selling call options, cushioning against market swings. SPXX currently trades at a 9.1% discount to its net asset value, making it an attractive buy as its discount narrows. In the bond market, the DoubleLine Yield Opportunities Fund (DLY), managed by Jeffrey Gundlach, provides a 10% monthly yield, significantly outperforming bond ETFs. DLY also trades at a 7.3% discount, capitalizing on market misperceptions about long-term interest rates, driven by deflationary trends like AI. These CEFs offer superior payouts and value compared to traditional options.

Stop me if you've heard this before, but the Strait of Hormuz is closed once again.

When an engineer at a software company criticized management, including its co-founder, in multiple posts on internal employee messaging platforms, the business fired her.

Here’s what sets us contrarians apart from the herd: We know that every crazy headline that comes across our phones is great news for us.

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Municipal bonds offer a compelling investment for tax-conscious individuals, providing income exempt from federal taxes and often state taxes for in-state issues. These bonds, funding vital infrastructure, boast a strong safety record with historically minimal defaults. However, achieving full tax benefits requires strategic selection. National muni funds typically only offer federal exemption, as most states tax out-of-state bond holdings within them. For truly double tax-free income, investors should target state-specific funds that meet local tax requirements. Prudence is essential; evaluate the issuing state's financial health, as some high-tax states face budget challenges. Also, be aware of fund premiums and consolidation trends among single-state offerings.

Monthly dividend stocks are gaining traction for retirement income, offering payouts alongside regular expenses. While some monthly payers yield little, this report identifies five high-yield options averaging 10.6% annually, capable of generating substantial income. Featured are Healthpeak Properties (DOC), a healthcare REIT with improving prospects and a recent joint venture, though its yield is now moderate. Itau Unibanco (ITUB), a Brazilian bank, pays monthly but its primary dividend is annual, limiting consistent income. Gladstone Investment (GAIN), a BDC, offers a solid monthly dividend with potential for supplemental payouts and strong operational performance. PennantPark Floating Rate Capital (PFLT), another BDC, provides floating-rate loans and trades at a significant NAV discount despite a recent dividend adjustment. Lastly, Invesco Mortgage Capital (IVR), an mREIT, boasts an 18% yield, though its dividends have historically been unstable, recently shifting to monthly payments.

The rapid growth of data center development across the country presents workplace safety challenges that are very different from those found in a traditional office environment.

When the world is burning—as it feels like it is now—it pays to remember the words of Howard Marks, the smartest money manager most people have never heard of.

Hey, remember tariffs? Well, they’re back and they could impact some high yield stocks more than others.