TSX:AX.PR.E - Post by User
Comment by
Torontojayon Nov 01, 2024 8:41pm
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Post# 36293274
RE:"REITS OUTPERFORM WHEN THEY CUT RATES"
RE:"REITS OUTPERFORM WHEN THEY CUT RATES"
garyreins wrote: Lol, CAD reits are red YTD and TSX is up like 17%. And we had 1.25bp worth of cuts in canada and 50bp in the US
Honestly not looking like anything under the sun is going to make these guys come back, which I would consider XRE $18-20 so a bit higher than where we were early September. They just tanked in record time. If it isnt the 10yr, what will it be next? inflation going back up?
LOL.
Take a look at the lovely chart for reits following the Sept 18th rate cut.
Oh and btw, did I say that they also cut rates by 50 bps on September 18th 2007? Inflation moved a lot higher in 2008 with the rise in oil prices but the recession had already begun by the start of the year.