AFB Forecast


Bullish Case: AFB may benefit from increased municipal bond demand due to potential economic recovery, signaling a shift in investor sentiment favoring safer assets, as indicated by historical upward trends over longer holding periods.




Bearish Case: Continued macroeconomic instability and AFB's historical negative returns suggest a bearish outlook, especially with recent flat price movements indicating lack of momentum or investor confidence.




Potential Outcomes:

1. Economic recovery: 40% chance—Investors rotate into bonds.

2. Continued flat market: 35% chance—Lackluster growth persists.

3. Downturn due to economic instability: 25% chance—Negative returns continue as market sentiment worsens.




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November 21, 2024


AllianceBernstein National Municipal Income Forecast

AFB        AllianceBernstein National Municipal Income











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HRB Forecast + Options Trading Strategies   HRB  H&R Block (0.88)


IBB Forecast + Options Trading Strategies   IBB  BlackRock Institutional Trust Company N.A. - iShares Biotechnology (0.88)


EXR Forecast + Options Trading Strategies   EXR  Extra Space Storage (0.88)


SPGI Forecast + Options Trading Strategies   SPGI  S&P Global (0.87)



Uncorrelated Assets

Assets with little price relationship to AFB



IVR Forecast + Options Trading Strategies   IVR  Invesco Mortgage (-0.01)


IJH Forecast + Options Trading Strategies   IJH  BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap (-0.01)


EWY Forecast + Options Trading Strategies   EWY  iShares MSCI South Korea (-0.01)


TTWO Forecast + Options Trading Strategies   TTWO  Take-Two Interactive Software (0.02)


CHAU Forecast + Options Trading Strategies   CHAU  Direxion Daily CSI 300 China A Share Bull 2X Shares (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against AFB



RILY Forecast + Options Trading Strategies   RILY  B. Riley Financial (-0.79)


CAR Forecast + Options Trading Strategies   CAR  Avis Budget (-0.79)


ZI Forecast + Options Trading Strategies   ZI  ZoomInfo (-0.79)


OCSL Forecast + Options Trading Strategies   OCSL  Oaktree Specialty Lending (-0.8)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.82)









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