RE:Quadravest update to NOV 15 DFN UNIT NAV @$14.57mouserman wrote: So the UNIT NAV came in a bit lower than our estimates and needs to gain 42 cents by the mid december date to pay to commons. I doubt we will see a continued bull run next month that would be a strong as what we have witnessed in the past few weeks. The markets of late have BEEN very unpredictable and very attached to the FED speak and media reports on the economy. Not sure how trustworthy the data is. Oil prices decline had more to do with the inflation holding near lows than anything the FED has done.
One more thing to consider in the U.S. is the ending of the moratorium on student loan repayments in mid-October. Starting in November we will see billions of dollars get removed from the economy each month to pay back college and university student loans that hadn't needed to be repaid since the start of the pandemic.
Thinki about how much money that is currently chasing prices up for goods and services and how it will all be leaving the economy. Since there is still lots of holiday spending to go for Thanksgiving and Christmas, the real effect will be felt in 2024. Along with holiday credit card bills needing to be repaid, inflation is going to get crushed and we should finally see the markets rebound in anticipation of rate cuts next year.