Daily Recap: Another Day, Another Record

January 15, 2020 | Hoya Capital

Daily Recap: Another Day, Another Record Uncategorized Jan 15 Written By Done deal. US equity markets rallied to new record-highs after the U.S. and China signed Phase 1 of the long-awaited trade deal between the two largest economies. The S&P 500 gained 0.2% and the Dow Jones climbed 0.4% while the 10-Year Treasury Yield finished lower by 3 basis points to close at 1.79%. Yield-sensitive equity sectors led the way as the broad-based Real Estate ETF climbed by 0.9% with all fifteen sectors in the green, led by industrial, healthcare, and net lease REITs.

After muted CPI inflation data yesterday, PPI data was much expected this morning. Core PPI is higher by just 1.29% year-over-year, the coolest rate since early 2017. Bottom Line: The 'Goldilocks' economic conditions of modest, domestic-led economic growth and muted inflationary pressures are ideal conditions for residential and commercial real estate outperformance. To continue reading, click here to visit Seeking Alpha! Comments (0) Newest First Oldest First Newest First Most Liked Least Liked Add Comment --> Preview Edit --> Post Comment… Previous Previous Billboard REITs: In Your Face, But Under The Radar Next Next Healthcare REITs: 'Retirement Crisis' Fears Overblown