TSX:AX.PR.E - Post by User
Post by
garyreinson Aug 19, 2024 9:35pm
52 Views
Post# 36187071
VNQ
VNQWe all know the ever-so-toxic CAD reit sector marches to their own drum but VNQ has officially broken out today (if not proved to be a head fake)
officially closed highest it has in pretty much 2 years when the hikes were just starting
If we watch that break out then CAD reits should come around a bit further as we have a built in lag for some reason.
We are entering whats typically a brutal month in September so its rather easy for the shorts to sell a narrative that creates a correction esp since theres a nice 10%+ in the downside trading range
TOMORROW WILL BE HUGE