Municipals have benefited marginally from the new higher personal income tax rates, but I believe there is little about the near future to suggest that investors, despite the uncertainties, should not participate in current markets.
As we watch this drama play out before us, portfolio managers and individuals face a continuing dilemma: in this low interest rate environment, to invest or not to invest? That is the question.
James Colby is a portfolio manager and senior municipal strategist at Market Vectors ETFs.