Behind The Curve? • Stocks Slump • Week Ahead
January 18, 2022 | Hoya Capital
Behind The Curve? • Stocks Slump • Week Ahead Real Estate Daily Recap Jan 18 Written By Summary U.S. equity markets finished broadly lower Tuesday while long-term interest rates climbed to the highest level in two years amid investor anxiety over stagflation whether the Fed is "behind the curve." Following modest declines last week, the S&P 500 slipped 1.8% today on another choppy session while the tech-heavy Nasdaq 100 slumped 2.5% and is now on the cusp of correction-territory.
Real estate equities slumped as well today with the Equity REIT Index lower by 1.1% with all 19 property sectors in negative territory while Mortgage REITs declined 1.5%. The 10-Year Treasury Yield jumped 9 basis points to close at 1.87% today - the highest level since late 2019. Technology stocks dragged to the downside today while Energy continued its strong start to 2022. We'll see a busy week of housing data over the next three days.
Homebuilder confidence remained historically strong in January, but snapped a four-month streak of gains as lingering supply-chain disruptions partially offset robust housing demand. Income Builder Daily Recap We recently launched Hoya Capital Income Builder - a premier income-focused investment research service through Seeking Alpha Marketplace - that will be the new exclusive home of all of Hoya Capital's investment research. Income Builder focuses on real income-producing asset classes that offer the opportunity for diversification, monthly income, capital appreciation, and inflation hedging.
If you're not already on board, give us a try with a completely risk-free two-week trial and take a look around. U.S. equity markets finished broadly lower Tuesday while long-term interest rates climbed to the highest level in two years amid investor anxiety over potential stagflation whether the Fed is "behind the curve" on hiking rates. Coming off modest declines last week, the S&P 500 slipped 1.8% today on another choppy session while the tech-heavy Nasdaq 100 slumped 2.5% and is now on the ...