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Posted by
Two Blokes Jun 12 -
Filed in
Stock
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9 views
PIMCO Access Income Fund has shed value since we last covered it. Unlike before, we support most of PAXS' updated market outlook. However, its current holdings seem risky and repositioning might be challenging. We think high-yield option-adjusted spreads are too low. In addition, we believe the financial markets as a whole have entered a final late-stage risk-on rally.
