TSX:AX.PR.E - Post by User
Comment by
DZtraderon Sep 17, 2023 10:37pm
93 Views
Post# 35640709
RE:RE:RE:RE:RE:ARTIS
RE:RE:RE:RE:RE:ARTISYou would be well served to listen and learn from what Este is telling you. I was going to post this evening replying also to your "lack of catalyst" comment. Este summized things pretty accurately save and accept for a couple minor points I would push back on, and likely better than I would have done. Things are slowing everywhere, which is by design. Question now is will they continue and over do it. I don't think so. If they decided to do one more 25 bip move this year it would just mean the first cut comes earlier, whats the sense? It is only a guess but I had posted quite awhile ago that we will start to see cuts as early as the second quarter. The Fed will continue to talk tough. Get your head around end of hiking cycle. That will be a significant catalyst for most all reits. That window already started opening in anticipation and some movemeant is already taking place. I know myself as well as Este (certainly not speaking on anyone's behalf) have so much as indicated the bottom is in for reits. Bond market (yeilds) will start to come in. They are usually right but I believe this may be the one exception, for numerous reasons. I will say one thing in closing, I can't remember a time with such strong cross currents and confluence of both head and tail winds. The leading indicators however look weak and that can't be ignored. I have found myself flip flopping all the while tip toeing through this maze. Profits have been good this year but being overweight this market comes with its own set of challenges, not to mention lots of second guessing. Good luck gents, should be an interesting week ahead.
DZ