Shortages Are Getting Worse

February 20, 2022 | Hoya Capital

Shortages Are Getting Worse Weekly Recap Feb 20 Written By U.S. equity markets declined for the second-straight week as ongoing geopolitical tensions in Eastern Europe and jitters over rising rates offset a solid slate of earnings reports and housing data. Following a similar pattern as the prior week with early-week gains offset by a two-day skid, the S&P 500 finished lower by 1.4% and is now 9.1% below its highs.

Real estate equities were mixed amid a busy slate of earnings results and dividend hikes as the Equity REIT Index finished lower by 1.2% with 9-of-19 property sectors in positive-territory. Shortages persist everywhere: the BLS reported this week that Producer Prices soared at a 9.7% annual rate in February - significantly hotter than expected - and just a tick below setting fresh record highs. No shortage is more persistent and long-lasting than the shortage of housing in the United States.

Despite new historic lows in inventory, Existing Home Sales in the U.S. were stronger-than-expected in January as housing demand remains resilient. Click Here To Read The Full Report on Seeking Alpha! Comments (0) Newest First Oldest First Newest First Most Liked Least Liked Add Comment --> Preview Edit --> Post Comment… Previous Previous Russia Incursion • $100 Oil • REIT Earnings Next Next Housing Shortage • REIT Dividends • Earnings Recap