Fed Hikes • Peace Talks • Retail Sales

March 16, 2022 | Hoya Capital

Fed Hikes • Peace Talks • Retail Sales Real Estate Daily Recap Mar 16 Written By U.S. equity markets rallied Wednesday after the Federal Reserve hiked interest rates for the first time since 2018 and indicated an aggressive stance to combat inflation while conveying an optimistic outlook. Adding to yesterday's gains of more than 2%, the S&P 500 rallied another 2.0% today while the tech-heavy Nasdaq 100 gained 3.7%, posting its strongest two-day rally since November 2020.

Real estate equities were broadly higher today with the Equity REIT Index gaining 1.2% with 18-of-19 property sectors in positive territory while Mortgage REITs advanced 1.0%. Retail sales rose at a slower pace than expected in February but estimates for January were revised sharply higher as the year-over-year growth remained impressive at nearly 18%. Net lease REIT Realty Income (O) advanced today after becoming the 51st equity REIT to raise its dividend this year.

Angel Oak (AOMR) - the newest mortgage REIT that went public last year - soared 15% after reporting strong results. 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 rallied Wednesday after the Federal Reserve hiked interest rates for the first time since 2018 and indicated an aggressive stance to combat inflation while conveying an optimistic outlook for economic growth. Adding to yesterday's gains of more than 2%, the S&P 500 rallied another 2.0% today while the tech-heavy Nasdaq 100 gained 3.7% - posting its strongest two-day rally since November 2020.

Real estate equities were broadly ...