China Economic Skid • Sell-Off Deepens • Week Ahead

May 16, 2022 | Hoya Capital

China Economic Skid • Sell-Off Deepens • Week Ahead Real Estate Daily Recap May 16 Written By U.S. equity markets remained under pressure Monday in another choppy session as dismal Chinese economic data and weaker-than-expected domestic manufacturing data amplified recession concerns. Entering the session on a six-week losing streak- its longest since 2021- the S&P 500 declined another 0.4% today while the tech-heavy Nasdaq 100 extended its drawdown to nearly 26%.

Real estate equities were mixed as the Equity REIT Index declined by 0.6% today with 10-of-19 property sectors in negative territory but Mortgage REITs advanced 0.3%. China’s industrial output and consumer spending slid to the worst levels since the pandemic began as China's "COVID Zero" - and resulting lockdowns across major manufacturing hubs - has further clouded the outlook for supply chain normalization and broader global economic growth. Housing data highlights the economic calendar in the week ahead which investors and the Fed will be watching carefully for indications of the impact of surging mortgage rates on 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 remained under pressure Monday in another choppy session as dismal Chinese economic data and weaker-than-expected domestic manufacturing data amplified recession concerns. Entering the session on a six-week losing streak - its longest since 2021 - the S&P 500 declined another 0.4% today while the tech-heavy Nasdaq 100 dipped another 1.2% to extend its drawdown to over 26% and the Dow declined for the seventh time in eight sessions. ...