A January To Remember • Jobs Week • Earnings Ahead

January 31, 2022 | Hoya Capital

A January To Remember • Jobs Week • Earnings Ahead Real Estate Daily Recap Jan 31 Written By Summary U.S. equity markets posted broad-based gains Monday - but still ended a historically volatile January with its worst performance since March 2020 -ahead of a busy week of employment data. Posting its 10th straight session with intra-day moves of over 1%, the S&P 500 rallied 1.8% today while the tech-heavy Nasdaq 100 gained more than 3% for a second-straight session.

Real estate equities were broadly higher as well with the Equity REIT Index finishing higher by 1.3% with 18-of-19 property sectors in positive-territory while the Mortgage REIT Index rallied nearly 3%. Healthcare REIT Diversified Healthcare (DHC) rallied 5% after announcing that it entered into a $703M joint-venture for 10 properties in DHC's Office Portfolio segment with two global institutional investors. Employment data highlights the busy economic calendar in the week ahead, headlined by ADP Employment data on Wednesday, Jobless Claims on Thursday, and the BLS Nonfarm Payrolls report on Friday.

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U.S. equity markets posted broad-based gains Monday - but still ended a historically volatile January with its worst performance since March 2020 -ahead of a busy week of employment data and earnings report. Posting its 10th straight session with intra-day moves of over 1%, the S&P 500 rallied 1.8% today while the tech-heavy Nasdaq 100 gained more than 3% for a second-straight session while Mid-Caps and Small-Caps each gained 2%.

Real estate ...