TSX:AX.P.E - Post by User
Post by
garyreinson Apr 08, 2024 6:09pm
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Post# 35977790
CONNECTING THE DOTS
CONNECTING THE DOTSFrom the article someone shared:
"This matters for REITs because historically REITs are a top market performer after the first rate cut, with an average of 27% outperformance on the TSX according to RBC’s research piece last year. We think it’s important to position ahead of the cut cycle and are surprised by the weakness until now."
https://nuggetcapitalpartners.substack.com/p/full-capitulation-in-canadas-reit
AND the 10 year anamoly:
"The yield BX:TMUBMUSD10Y has “not been trading in a manner consistent with prior peaks”"
That tells me one thing and what I suspected all along- whatever cuts is being priced in or telegraphed by the central bankers looks very questionable. The REIT space and 10 year are sniffing it out very nicely- just a continuation of the 'INFLATION IS GOING BACK UP! HIGHER FOR LONGER, MORE HIKES ON THE TABLE" BS
Because BIDEN AND HIS accomplices can't get the job done to secure the victory lap.