TSX:AX.PR.E - Post by User
Comment by
Panic54321on Dec 30, 2024 6:57pm
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Post# 36381617
RE:Thoughts
RE:Thoughts I Form a few simple reasons that I can see
One people love to jump on a negative trend and drive it down and that's been very apparent..
US 10 year yield has been rising steadily ( to much signalling not many more cuts to come potentially in the US ) unfortunately, this affects Canada and it should probably not, but it is so correlated that it does..
and I believe another big reason is just the last few months of tax loss, selling people getting rid of their losers and almost all reits this year are losers !!!
I agree and I believe many of these reits are very very good prices at the moment. And I have been buying a lot in the last few weeks..
this has been a very negative sector for what seems like forever.
It has to turn at some point. ( we had enough cuts in Canada to turn the corner no question, but the market just seems to not care at the moment.
I think we'll get a nice uptick in the first quarter 2025. Good luck
by when there's blood in the streets and there's blood in the streets on many of these names.. many I ve been buying at 5 year lows / lower then the Covid lows..
good luck