There’s a crop of outsized dividends out there that are absurdly underpriced —I’m talking 14%-off discounts here. And our opportunity to pounce has arrived. I’m talking about municipal bonds, which, like corporate bonds, look set to bounce as the economy slows and interest rates top out—then start to move lower. As rates ease off, bond yields will dip, putting a lift under bond prices (as yields and prices move in opposite directions). The upshot? AI-powered NASDAQ stocks will lose their luster, and bonds and bond proxies—including utilities and “munis”—will likely be the darlings of 2024. Heck, even a modest decline in rates would be enough to boost these assets.… Read more