REITs Dip 3% on Monday, Still Outperform The 4.2% Plunge in S&P 500

February 5, 2018 | Hoya Capital

REITs Dip 3% on Monday, Still Outperform The 4.2% Plunge in S&P 500 Daily Recap Feb 5 Written By REITs dipped 3.0% and homebuilders plunged 4% on Monday amid a broader equity sell-off that saw the Dow down 1600 points at the lows. The 10-year retreated back below 2.80%. The equity market sell-off intensified around 3pm as the Dow plunged nealry 1000 points in a matter of minutes, likley sparked by a large liquidation perhaps related to the crash in crytocurrencies.

Since Bitcoin Futures were established in January, the value of these contracts are down more than 60%. Dozens of highly leveraged "crypto hedge funds" have been created in the past several months. A large liquidiation of one of these funds could have contributed to rapid sell-off this afternoon.Liberty Property Trust, Highwoods, UDR, and Macerich report earnings tomorrow. Nearly 20 REITs were down more than 4% on the day. Comments (0) Newest First Oldest First Newest First Most Liked Least Liked Add Comment --> Preview Edit --> Post Comment… Previous Previous US Markets Surge Back, REITs Eke out Small Gain Next Next REITs Dive 2.2% on Thursday As 10-Year Yiled Rises to 2.77%