Gamco Growth Fund Tilts Toward Growth-Oriented Defensive Stocks

“All Treasuries are SALT free,” says Judith A. Raneri, a vice president and portfolio manager at Gabelli Funds LLC. “That is, the interest earned is state and local tax free. These securities are only subject to federal tax.” 

Treasury Bills vs. Treasury Bonds: Know the Difference

Stocks moved slightly higher in April as better-than-expected Q1 earnings, despite a lower bar, helped temper recession fears for now. Consumers remained resilient notwithstanding persistent inflation and other economic headwinds. Some positive themes from Q1 earnings season included better-than-feared regional bank results, strong mega-cap tech results, as well as better trends around cost controls, inventories and supply chain.

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