Is Inflation Back? • REITs Rebound • Job Losses

January 8, 2021 | Hoya Capital

Is Inflation Back? • REITs Rebound • Job Losses Daily Recap Jan 8 Written By Summary U.S. equity markets finished mostly higher Friday, concluding a strong week of performance in the first week of 2021 despite ongoing parison tensions in D.C. and disappointing employment data. Ending the week with gains of 2.0%, the S&P 500 finished higher by 0.6% today while the Dow Jones Industrial Average gained 57 points and the Nasdaq 100 jumped 1.3%.

Real estate equities concluded a disappointing week on the upside as the broad-based Equity REIT ETF (VNQ) gained 1.0% with 13 of 19 property sectors in positive territory. The Bureau of Labor Statistics reported that the U.S. economy lost 140k jobs in December - the first month of job declines since April - as the employment rebound reversed amid the "third wave" of economic shutdowns. Rising prospectus for additional stimulus in the wake of the Georgia Senate elections has brought inflation fears back to the headlines.

We'll break-down what it means for REITs and publish a full analysis of this week's economic data in our Real Estate Weekly Outlook report published on Saturday morning. Real Estate Daily Recap U.S. equity markets finished mostly higher Friday, concluding a strong week of performance in the first week of 2021 despite ongoing parison tensions in D.C. and jobs data showing a reversal in the employment recovery. Ending the week with gains of 2.0%, the S&P 500 ETF ( SPY ) finished higher by 0.6% today while the Dow Jones Industrial Average ( DIA ) gained 57 points and the Nasdaq 100 ( QQQ ) jumped 1.3%.

Real estate equities concluded a disappointing week on the upside as the broad-based Equity REIT ETF ( VNQ ) gained 1.0% with 13 of 19 property sectors in positive territory. Mortgage REITs ( REM ) gained 0.4% today but ended the week off by 0.6%. Rising prospectus for additional stimulus in the ...