Double-Digit Inflation • Stocks Rebound China COVID Lockdowns

March 15, 2022 | Hoya Capital

Double-Digit Inflation • Stocks Rebound China COVID Lockdowns Real Estate Daily Recap Mar 15 Written By U.S. equity markets rebounded Tuesday ahead of the closely-watched Fed decision tomorrow as energy prices pulled back sharply after China announced a new set of sweeping COVID lockdowns. Bouncing back from declines of 0.7% on Monday which was the lowest close since June 2021, the S&P 500 rallied 2.1% today while the tech-heavy Nasdaq 100 gained 3.1%.

Real estate equities were broadly higher today as well with the Equity REIT Index gaining 0.7% with 17-of-19 property sectors in positive territory while Mortgage REITs gained 0.7%. The BLS reported this morning that Producer Prices soared at a 10.0% annual rate in March - the highest annual inflation rate on record. The monthly increase of 0.8% in March and an upwardly revised 1.2% in February were the largest month-over-month increases since 2009.

Another day, another wave of REIT dividend hikes. Three more equity REITs and two more mortgage REITs hiked their dividends over the last 24 hours including office REIT Paramount, healthcare REIT CareTrust, and casino REIT MGM Growth Properties. 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 rebounded Tuesday ahead of the closely-watched Fed decision tomorrow as energy prices pulled back sharply after China announced a new set of sweeping COVID lockdowns.

Bouncing back from declines of 0.7% on Monday which was the lowest close since June 2021, the S&P 500 rallied 2.1% today while the tech-heavy Nasdaq 100 gained 3.1% ...