RGC is back down to levels that are compelling.
Its recent debt offering will likely be partially used for a stock buyback.
The shares are supported by a fat yield, and the dividend rate is likely going higher by year-end.
I was encouraged by the bank stocks this morning, which were finally are getting a bid.
I was pleasantly surprised by the consumer confidence figure.
The consumer price index was a bit hotter than expected, while retail sales, less autos, were slightly weaker. Neither, of course, moved the market.
This morning, disappointingly, the S&P futures failed to hold their gains in response to better-than-expected European GDP.