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MCN - Madison Investments 2024 Year-End U.S. Equity Letter
Madison Covered Call & Equity Strategy Fund
2024-07-17 10:10:00 ET
Summary
The Russell Midcap and the Equal-Weight version of the S&P 500 are far more diversified than the capitalization-weighted S&P 500.
Microsoft has increased its capital expenditures over the past year by over $35 billion, if one includes its latest capital injection into OpenAI, a privately-held AI firm.
We believe that the lessons of overbuilding, overspending, and market dynamism still apply, and we’re keeping that in mind as we go about our craft.