Inflation Week • Back To Office? • Ukraine Offensive

September 12, 2022 | Hoya Capital

Inflation Week • Back To Office? • Ukraine Offensive Real Estate Daily Recap Sep 12 Written By U.S. equity markets advanced for a fourth-straight session ahead of a critical week of inflation data which investors are hoping will show a second month of moderating price pressures. Following gains of 3.6% last week, the S&P 500 advanced another 1.1% today - its best four-day gains since June - while the tech-heavy Nasdaq 100 gained 1.2%.

Real estate equities were also broadly higher today following a strong week of outperformance. Led by hotel REITs, the Equity REIT Index advanced 1.0% today with 16-of-18 property sectors higher. The long-awaited return to the office? Recent ridership data from the New York MTA - which has historically correlated with office utilization data - indicates that many workers appear to indeed be returning to the office after the Labor Day holiday.

The US Dollar Index pulled back from two-decade highs while Crude Oil prices advanced 2% on reports that Ukraine has launched a counteroffensive against Russian forces in the region alongside an appeal for additional military support from the U.S. and Western allies. Real Estate Daily Recap U.S. equity markets advanced for a fourth-straight session ahead of a critical week of inflation data which investors expect will show a second month of moderating price pressures amid a slowdown in global economic growth.

Following gains of 3.6% last week, the S&P 500 advanced another 1.1% today - its best four-day gains since June - while the tech-heavy Nasdaq 100 gained 1.2%. Real estate equities were also broadly higher today following a similarly strong week of outperformance. Led by hotel REITs, the Equity REIT Index advanced 1.0% today with 16-of-18 property sectors in positive territory while the Mortgage REIT Index climbed 0.8%. After notching its second highest end-of-week closing level since 2007, the 10-Year Treasury Yield ticked higher by another 4 basis points today to close at 3.36%. ...