Alex Pettee, CFA
REITs And Homebuilders Surge In January
Click to read the full report on Seeking Alpha! Powered by the 100th consecutive month of job growth and an increasingly dovish Fed, the S&P 500 climbed 1.6% on the week and notched its best January in 30 years. Coming off their worst year since the financial crisis, real estate equities led the charge in January. REITs rallied nearly 12% on the month while Homebuilders surged nearly 13%. Jobs data continues to exceed estimates, powered by a slow march higher in labor force p