Pain At The Pump • Stocks Dip • Week Ahead

March 7, 2022 | Hoya Capital

Pain At The Pump • Stocks Dip • Week Ahead Real Estate Daily Recap Mar 7 Written By U.S. equity markets finished sharply lower Monday while global commodities prices soared as Russia continued its invasion of Ukraine, fueling concern that price shocks could derail the post-pandemic economic recovery. Adding to declines of 2.3% last week and finishing at the lowest level since last June, the S&P 500 dipped 2.9% today while the tech-heavy Nasdaq 100 declined more than 3.5%.

Real estate equities - along with other domestic-focused and yield-sensitive sectors - were among the outperformers as the Equity REIT Index finished lower by 2.0% today while the Mortgage REIT Index declined by 1.5%. Gasoline prices jumped above $4/gallon for the first time since 2008 and recorded the largest one-day increase in prices since Hurricane Katrina as questions remain over Western leaders' ability or willingness to increase domestic energy production.

The economic calendar slows down a bit in the week ahead with the major report of the week coming on Thursday when the BLS will report the Consumer Price Index for February which is expected to show the highest rate of inflation since 1982 at 7.9%. 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 finished sharply lower Monday while global commodities prices soared as Russia continued its invasion of Ukraine, fueling concern that price shocks could derail the post-pandemic economic recovery.

Adding to declines of 2.3% last week and finishing at the lowest level since last June, ...