Fed Ahead • REITs Lead • Weekly Outlook

December 13, 2021 | Hoya Capital

Fed Ahead • REITs Lead • Weekly Outlook Daily Recap Dec 13 Written By Summary U.S. equity markets slumped Monday following their strongest weekly gains since February as investors monitored Omicron developments ahead of a busy week of economic data and a closely-watched Fed meeting. Pulling back from record-highs following gains of nearly 4% last week, the S&P 500 slipped 0.9% today while the Mid-Cap 400 declined 1.0% and the Small-Cap 600 retreated 1.6%.

Led by the residential and technology REIT sectors, real estate equities leaders on the day as the Equity REIT Index gained 0.9% with 11-of-19 property sectors in positive territory. All eyes are on the Fed this week as Chair Powell is expected to announce a more aggressive stance towards combating inflation following last week's CPI report which showed the fastest annual rate of inflation in four decades. Renewed COVID concerns remain a potential wild-card for monetary policy, and the lingering threat of increased economic restrictions in Europe and Asia sparked a bid for the US Dollar, bonds, and domestic-focused equities.

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 slumped Monday following their strongest weekly gains since February as investors monitored Omicron developments ahead of a busy week of economic data and a closely-watched Fed meeting on Wednesday. Pulling back from record-highs following gains of nearly 4% last week, the S&P 500 slipped 0.9% today while the Mid-Cap 400 declined 1.0% and the Small-Cap 600 retreated 1.6%. Led by the residential and technology ...