Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

I'll comment...........don't ask me why!

[DZtrader]

In regards to a number of (again) outlandish comments here, I will offer the following. Firstly, differentiate between the two somewhat bifurcated labor markets. If 206K stands, I wouldn't even call that a "soft" number, it is a reasonable number and probably as good as could be expected right now. Now the CAD side actually loosing jobs, was a soft number and it should bolster BOC to cut again this month on the 24th.

As far as the reit sector goes, this is and has been the most hated asset class in recent memory and will likely remain that way until the debt wall has been dealt with, however that shakes out, thus my call for late '25 recovery. Sentiment remains in the dumpster, don't expect it to change on a dime. Today's data is a prime example of that. The sector is so accustom to going down on just about any news even when you get the "bad news is good news" data it shows initial weakness. Don't be totally surprised to see us reverse higher though. On a larger scale, as the recession starts in the U.S. and gets deeper here, even though we will start seeing cuts the pressure will still remain on this sector BUT it will give way to a move higher as other things get ironed out. Expect a fair bit of chop giving way to an upward continuing trend higher, this will take time however and it will get bumpy.

I am not a huge fan of energy but have taken a rather large position in Enbridge a couple weeks ago. I also added Granite about the same time. I want to deploy more cash but will wait until this market softens somewhat, if it doesn't, well that's a high quality problem to be faced with.

Stay good,

DZ