TSX:BPO.PR.A - Post by User
Comment by
Carenaon Apr 10, 2024 2:45pm
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Post# 35981803
RE:2024
RE:2024Hi there,
I would say I am surprised by the market reaction today as the talking heads have been talking about gold, oil and commodities for the last month. I am not at all surprised by the CPI number.
Nonetheless, Brookfield Group companies (BN BEP BIP BBU BAM) all down today in 4-5% range. To repeat, Brookfield is highly interest rate sensitive. Brookfield is diversified across industries but all businesses are asset heavy and highly levered.
BPY US$ Prefs down in 4-5% range. But on light volume.
My proxies....SLG and VNO down 7-8%.
Going to be an interesting 2024, IMO.
Have a good day,
Carena