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" ... As the United States enters a recession, dips in stock prices make logical sense. Massive seesawing in the market does not. As such, the recent 1,000-point daily gains and 2,000-point losses are irrational and foolish. Wall Street is usually governed by data and logic. Amid the coronavirus pandemic, however, logic and data have been overpowered by fear and fantasy. ... "
" ... But the Buy-Write Sub Index (in black), which covers CEFs that hold stocks and write options against those stocks, is up over 12%. This is thanks to a combination of greater volatility in recent weeks (thanks to stocks seesawing up and down) and the stock market’s longer-term trend upwards. Both drive up profits for these funds. ... "