US stock market seems to rise so well, such that people start to forget how it feels when it crashed last year. 美国股市最近涨的太好，以至于人们忘了去年股市大跌的惨状 Are we …Stock market is going to crash? 美国股市要大跌了吗？
Turned out the muni market is not doing well when rate is on the rise. The nature of the fixed income is way more sensitive about the interest rate, and closed end has a leveraged position, so even worse. Infrastructure and energy is a better solution. Even if just staying in spy500, since it has a growth story to tell, it will go on a roller coaster run instead of straightly down.