Lower Forever • Dividend Season • Housing Stays Hot

December 16, 2020 | Hoya Capital

Lower Forever • Dividend Season • Housing Stays Hot Daily Recap Dec 16 Written By Summary U.S. equity markets finished mixed Wednesday as relief that Congress is reportedly nearing a long-awaited fiscal stimulus deal was offset by lukewarm economic data and mixed signals from the Fed. Finishing within a point of fresh record-highs, the S&P 500 finished higher by 0.18% today but the Dow Jones Industrial Average retreated by 45 points.

Small-Caps and Mid-Caps lagged today. Real estate equities were mixed today as the broad-based Equity REIT ETF (VNQ) finished higher by 0.1% with 10 of 18 property sectors in positive territory. A busy slate of housing data this week has so far indicated that the red-hot housing industry has exhibited few signs of cooling into the winter months. Homebuilder Sentiment in December was the second-highest on record. The Federal Reserve committee expects rates will remain near zero through 2023, conditions that should continue to provide a favorable backdrop for yield-sensitive segments like real estate.

Real Estate Daily Recap U.S. equity markets finished mixed Wednesday as relief that Congress is reportedly nearing a long-awaited fiscal stimulus deal was partially offset by lukewarm economic data and mixed signals from the Fed. Finishing within a point of fresh record-highs, the S&P 500 ETF ( SPY ) finished higher by 0.2% today but the Dow Jones Industrial Average ( DIA ) retreated by 45 points. The tech-heavy Nasdaq 100 ( QQQ ) eclipsed record-highs, gaining 0.6%.

Real estate equities were mixed today as the broad-based Equity REIT ETF ( VNQ ) finished higher by 0.1% with 10 of 18 property sectors in positive territory. The Mortgage REIT ETF ( REM ), meanwhile, finished off by 0.2% on the day. The Federal Reserve committee expects rates will remain near zero through 2023, conditions that should continue to provide a favorable backdrop for yield-sensitive segments like real estate. 6 of the 11 GICS equity sectors ...