As of October 2023, the NASDAQ has surged by 33% since March 30, with the Vanguard Information Technology Index Fund (VGT) showing an even greater increase of 48%. This rally occurs amidst concerns over a slowing job market, persistent inflation, and high-interest rates. However, Q1 reports indicate a 11.4% year-over-year rise in revenues, and the S&P 500 saw a 27% increase in earnings across key sectors, including technology and consumer discretionary.
Notably, Oxford Lane Capital Corp. (OXLC), a closed-end fund heavily involved in collateralized loan obligations, has raised red flags with a current yield of 24.1%. Critics point to its high fees, which can exceed 15% of assets, and a substantial dividend cut of 41% over the last five years. In contrast, the Liberty All-Star Growth Fund (ASG), yielding 8.3%, offers a more diversified portfolio with significant exposure to large-cap tech stocks and has performed steadily, achieving a 34% total return since May 2023.
5 Stocks Our Experts Predict Could Double In the Next Year
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