RE:DF NAV & dividendMarkets went into a tailspin on the increasing odds of out of control inflation, rising rates and recession. A floor was cemented in October once the FED announced rate cuts were coming in 2024. Sooo, this market will continue to have legs as long as those cuts do in fact land... .we are promised as many as 3.
Keep in mind that once rates begin their decline, a lot of "safe" sideline money in GICs and high interest saving accounts / money markets is going to come out and look for better returns in dividend funds (hello BK) and equities.
Adman543 wrote: Hello - first thank you for all your posts, i read all of them. I've been a long time holder, enjoyed the $6-7 range years with monthly divs. But TBH this has been dead money for a while now....Now, we have a NAV above 15, is this sustainable, Or, whats a your exist point? Above $5.00 today!