Post by
garyreins on Aug 05, 2024 7:05pm
REIT NIGHTMARE
For months on end we kept getting artifically inflated good economic data causing yields to remain elevated and fed to remain hawksih. In month of July the narrative has reversed and sure enough REITS will get smacked as well if today was any indication. Office reits are on route again to fall lows and other names can get close again if tomorrows sell off is 3-5%.
THE REIT NIGHTMARE THAT DOESNT WANT TO UNWIND.
ALL OVER CPI!!!!!!!!!!
FIRE POWELL AND MCKLENN
Comment by
Torontojay on Aug 05, 2024 7:13pm
The next month unemployment rate will reveal a lot of information. If unemployment retraces back to 4.1% or 4.2% then the stock market could easily turn bullish again. If it continues to slide to 4.4% then I'm very confident that it's going much higher from here. It's like a rolling snowball effect. Once it gets started it's difficult to make it stop.
Comment by
garyreins on Aug 05, 2024 7:41pm
Powell and friends have an egg on their face. But they cant be that incompetent, so it was probably planned all along!~
Comment by
Torontojay on Aug 05, 2024 7:49pm
Powel giving his Fed buddies a high 5 saying, "we conquered inflation guys."