TSX:AX.PR.E - Post by User
Post by
garyreinson Jan 04, 2025 2:57pm
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Post# 36387549
DISGUSTING ROUT.
DISGUSTING ROUT.What we witnessed September to now has been nothing short of disgusting. At worst the average REIT should have retraced 50% of the rally, so a REIT that went from $10 to $12, possibly pullback to $11.
But this 80%-100% retracement for XRE and many names on the index is just despicable. Inflation going back up just as they were notching a "in target" victory- go figure. Pure bs, everyone knows it.
At some point in 2025 when fed is ready to go another 0.25 and 0.50 maybe spring, summer or fall, thats when the next "fake" rally starts as bond yields plumment across the curve .
Yet again it might be quite far away