AI PMO Forecast


Bullish Case: An increase in institutional ownership combined with potential policy shifts towards municipal investment could galvanize PMO's recovery, leading to positive short-term momentum in pricing.


Bearish Case: Persistently negative long-term returns and a lack of decisive government fiscal strategies are likely to continue suppressing demand for PMO, maintaining bearish sentiment in upcoming months.


Potential Outcomes:

1. Continued flat price action (60%).

2. Minor recovery driven by policy shifts (25%).

3. Significant price decline if broader market trends worsen (15%).


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August 28, 2024


Putnam Municipal Opportunities Forecast

PMO      Putnam Municipal Opportunities











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Assets that tend to move strongly with PMO



BND Forecast + Options Trading Strategies   BND  Vanguard Total Bond Market (0.88)


MBB Forecast + Options Trading Strategies   MBB  BTC iShares MBS (0.87)


GOVT Forecast + Options Trading Strategies   GOVT  BlackRock Institutional Trust Company N.A. - iShares U.S. Treasury Bond (0.87)


VNQ Forecast + Options Trading Strategies   VNQ  Vanguard Real Estate Index (0.85)


LZB Forecast + Options Trading Strategies   LZB  La-Z-Boy (0.84)



Uncorrelated Assets

Assets with little price relationship to PMO



VRA Forecast + Options Trading Strategies   VRA  Vera Bradley (0.0)


HELE Forecast + Options Trading Strategies   HELE  Helen of Troy (0.0)


DDD Forecast + Options Trading Strategies   DDD  3D Systems (0.0)


MJ Forecast + Options Trading Strategies   MJ  ETFMG Alternative Harvest (-0.0)


LULU Forecast + Options Trading Strategies   LULU  Lululemon Athletica inc. (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against PMO



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


TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.81)


TMV Forecast + Options Trading Strategies   TMV  Direxion Daily 20+ Year Treasury Bear 3X Shares (-0.82)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.83)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.84)





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