TSX:AX.PR.E - Post by User
Post by
garyreinson Oct 25, 2024 4:11pm
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Post# 36282679
-3.6% more for XRE/sector
-3.6% more for XRE/sectorIf XRE breaks from $16.58 to $16.00, or another 3.6% loss, effectively that would erase most of the gains we saw late summer and be at the same level as it was all early 2024 (when BOC overnight rate was 5% and US 5.5%).
So effectively, we are not far away from where we were Jan-April 2024. May and June lows was just technical in nature and July recouped that.
This trade just turned ugly and fast.