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September 01, 2020 1:20pm
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Recession Indicator Flips Red: Here’s the 6.9% Dividend to Buy

One of the most accurate indicators out there is telling us a recession is ahead. And—odd as it sounds—that warning is bringing us a chance to buy a 6.9%-paying fund with two key advantages: This fund—a closed-end fund (CEF) , to be precise, generates extra income when the bull takes a breather, making its 6.9% payout even safer, and … It’s cheap, in relative terms, and will likely be in higher demand as a recession nears. That fund, the Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) is at the center of our strategy today because of something that sounds obscure but should be on every investor’s radar: the yield spread between 3-month and 10-year Treasury notes is negative—meaning the yield on the 3-month is higher than that of the 10-year.… Read more
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