Co-produced with Preferred Stock Trader for High Dividend Opportunities.
With the recent market correction, the preferred stock space has seen a large pullback. This pullback has been aggravated by fears of rising interest rates. Note however that the Federal Reserve Chairman Mr. Powell just signaled last week that interest rates are nearly back to "normal" - meaning that there is not going to be many interest rate hikes going forward. I believe that 2019 will be the last year that the Fed will be able to hike rates again. Therefore the recent pullback in