TSX:AX.PR.E - Post by User
Post by
DZtraderon Oct 04, 2024 9:47am
79 Views
Post# 36253045
Meh.........with a capital M
Meh.........with a capital M
While its still well well early, a fairly muted response in the reit sector on the open. Looks like someone was wrong again. I posted the other day that I had expected a stronger jobs number and that the market was already adjusting for this. If I am being honest however, I didn't think it would be as strong as what was shown. Reits seem to be looking past this number (at least on open and thus far). As noted in last post, I don't believe this changes in any way the trajectory of the Fed's cutting cycle. Actually, it delivers what I have been advocating for sometime................slow and steady, slow and steady. Was hopeful to have gotten some buying done today though.........................alas, the day is still young!