TSX:AX.PR.E - Post by User
Post by
garyreinson Feb 28, 2024 9:36pm
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Post# 35905423
Feb 22
Feb 22Interest rate sensitive stocks and specific REITS like HR, NWH have basically dived a lot harder since Thursday Feb 22 or one week ago. It was that day exactly based on the charts when it no longer started looking like a "pullback" but a breakdown with a steep fall off the chart. Looking back at that day the S & P was up 100 points in Nividia. I wonder if it cued a rotation out of these REITs by the traders and into S & P 500 / tech expecting the trade (reits down, markets up) to continue into the next few months with the economic data not softening. Thats the only thesis that makes sense here. Unfortunately now the good REITs like DIR, PRV, Riocan are coming next here