On the cusp of rate cuts and Artis' debt is 44% variable or unhedged. I've never been more bullish. There is no simpler thesis than: rate cut, lower interest expense, higher cash flow and income (AFFO and FFO). Ability to arbitrage is just a cherry. And it's hard to argue against a cut in Canada after the last CPI print along with the horrific gdp per capita data. I think we've seen the bottom. I've placed my bets. I believe DZ timed the bottom masterfully. I tip my hat to you sir.
to recap why I believe cuts are coming:
So far this week we've got:
- ECB (Europe) confirming June rate cut signal
- US Fed confirming their easing bias
- Swiss SNB cutting rates and slashing inflation forecasts
- RBA (aussies) "not ruling anything in or out"
- Canadian CPI big miss