True North Commercial REIT T.TNT.UN

Boring is back

[flamingogold]

While currently not paying, the market wind is in it's sail...

“The market has, momentarily, fallen out of love with the Mag Seven,” Cramer said. “This is a new market — that’s right — where the mega cap techs are no longer the leaders. It’s a market where money’s being put to work in a lot of boring higher-yielding stocks as well as smaller caps, health care, banks, REITs and utilities.”

https://www.cnbc.com/2024/01/03/-cramer-says-market-has-fallen-out-of-love-with-magnificent-seven.html

[BlueJay2020]

It's a very confusing quote, isn't it?  A new market, apparently, yet caused by something momentary!  However, I think the last sentence is spot-on. There will also be a lot of money coming from GICs and the like into these boring sectors, but also a rebalancing back into bonds.

[flamingogold]

Might be "confusing" because of the word "temporary". Does it mean days, weeks, months, the year? Overall,  I believe some of the gains are going to flow out of those high flyers and also the sideline safe GIC, money market funds will be looking to take on more risk once rates start declining.

[BlueJay2020]

He actually uses the word 'momentarily' not 'temporary' which to me indicates a matter of days.  It was just a poor choice of word and he really meant to say "at the moment."  No-one invests (or should invest) based on ultra-short-term trends.  The big question mark is how much money will flow into office Reits?  I applaud the fact that TNT management

[flamingogold]

Yesterday, he continued to shed light on the rotation out of Big Tech. While he didn't specify REITs this time time, he did make it clear that the new leaders would not be those that led last year. https://www.cnbc.com/2024/01/04/jim-cramer-says-new-leaders-will-catch-wall-streets-eye-in-january.html

[flamingogold]

So to sum up, for new leaders to emerge, the rotation out of Big Tech is not really "momnetarily".