BUI - BUI: It Dropped So I Bought Some - But Just A Little
- BUI has seen some weakness, while the broader market continues to post gains. I view this as a buying signal, albeit a cautious one.
- The fund should be a good hold if rates don't rise and the market sees some volatility. The covered call strategy can thrive in this backdrop.
- There is plenty of interest rate risk however, especially if economic growth continues. Further, utility providers are facing rising input costs.
- Infrastructure talks in Washington could provide a boost of funding to the sector. Yet, these talks are breaking down, with a smaller than initially proposed package likely to pass.
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BUI: It Dropped, So I Bought Some - But Just A Little