Smaller stocks had outperformed large-caps for much of 2018, but now find themselves down for the year to date after a tough couple months.
It is the sort of negativity that produces capitulation.
Did you know that the majority of closed-end funds or CEF's are fixed-income (tax-exempt bond funds make up 42% of the market and domestic taxable bond funds make up 20%) and the majority of CEFs also have leverage?
Nuveen's AMT-Free Quality Municipal Income Fund has nearly $4 billion in assets under management.
There have been some solid earnings reports, but they haven't provided a boost to the broader market.
The biggest risk right now is the yuan level versus the dollar.
Jim Cramer's 'Very, Very Worried' About the Federal Reserve! Here's a look inside TheStreet's #TeachIn: How to Invest Like a Pro where Cramer discusses FANG, Cannabis, Markets and more.
The investing icon said the damage done to the U.S. markets on Black Monday happened late in the day, but 24 hours later the panic was over.