Market Analysis by covering: SPDR® S&P 500® ETF Trust, John Hancock Financial Opportunities Fund. Read 's Market Analysis on Investing.com
Gold slides 4%, wipes out 2026 gains as Iran crisis keeps rate fears in playIt’s easy to see why some investors may be thinking along those lines. And it’s something I’ve been giving a lot of thought to lately.
But here’s the twist: There’s another year I think 2026 resembles a lot more than 2008.year was a buying opportunity in stocks—and to pick up the closed-end fund we’re going to discuss today. In fact, both 2008And today’s private-credit woes open the door to another strong run from here. 2008, of course, needs no introduction. Back then, a housing bubble inflated by subprime mortgages took down the global economy. possibility that if we do see a disruption this year, it’ll look more like 2023, a time we can all remember. Early that year, the failure of Silicon Valley Bank and some other regional lenders brought back dark memories of what had happened 15 years earlier. But if we look at what’s happened since, it quickly becomes clear that the 2023 dip was a fantastic buying opportunity:While 2008 was a year that brought the global economy to its knees, 2023 ended up being a strong year for stocks, returning 26.2% from beginning to end. And since the trough of the March 2023 selloff, theStill, I’m sure you recall the fear in the air at the time. But we saw the selloff for what it was: a chance to buy at a bargain. In a March 2023 article, I wrote that “the selloff has resulted in deeper CEF discounts—and some nice buying opportunities in our . By the time we sold a little over a year later, in July 2024, BTO had delivered a tidy 24.1% total return. The fund also yielded 8.4% when we bought and has been steadily growing the payout for the last 15 years :And now, thanks to this year’s volatility, we have an opportunity to buy BTO at a bargain:to its net asset value, making this discount to net asset value bigger than it looks. Why is this deal in front of us? A hint is in the fund’s portfolio:That’s driven BTO to strong returns over the long haul, too: 10.7% annualized over the last decade, to be exact. Put another way, every $100,000 invested in BTO in 2016 would be worth around $319,000 as of this writing.In the decade following the Great Recession, BTO turned $100,000 into $267,478. That’s a solid positive return, showing that the fund can still deliver profits, even in the wake of the worst financial crisis in a generation.Brett Owens and Michael Foster are contrarian income investors who look for undervalued stocks/funds across the U.S. markets. Click here to learn how to profit from their strategies in the latest report,"Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
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