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I'm not sure I have seen SO many equity CEFs at premium valuations than I do right now. In fact, I've seen more market price spikes over the last couple weeks than I have seen in years. And this is at a time when the Federal Reserve is threatening to raise rates more aggressively and supposedly draining liquidity more aggressively with its Quantitative Tapering ratcheting up to $50 billion per month by the end of the year.
Throw in seasonality and this is, frankly, exactly the opposite of what you would be expecting. Fully one-third