did anyone notice on a down day due to threat of government shutdown all the SFI preferred series (DEFG etc) all were in the green today? my past experience is that preferred issues move before the common. anyone comment?
My observation is when there is more risk in the market the preferreds do well. I attribute it to a trade off between predictable yield versus general market gains. I see it as a relationship between fixed income versus stocks rather than SFI preferred and SFI common.