This 10.4% Dividend Is Our Top Contrarian Play on “Trump 2.0”

Most people think inflation will rise in a second Trump term—we can see it in the jump in 10-year Treasury rates over the last few weeks. But that trade is getting just a little bit crowded—and we contrarians are going to take advantage of that with a 10.4%-yielding closed-end fund (CEF) that’s come back to earth as a result. This situation reminds me a little of October 2023, when investors were also betting on “inflation forever.” We didn’t buy it then, either. Instead I named the DoubleLine Yield Opportunities Fund (DLY) , payer of a 9.5% yield at the time, as one of the top portfolio buys in my Contrarian Income Report service.… Read more