RE:What's the rationale for the 20% drop
Hi there,
My quick take.....
I suggest you chart SPG with BPY for last 3 months. I believe all all about retail exposure.
Also, I suggest you should look up the GGP preferred share symbol BPYUP - down 50% today but on just 60,000 shares...very concerning to me.
I agree with Bill Ackman, I think he is 100% correct, the USA is going to hell unless its leaders look the devil in the eye and get the virus under control.
Still long,
Vette