Stimulus Hopes | Stocks Rebound | Rent Collection Improves

September 25, 2020 | Hoya Capital

Stimulus Hopes | Stocks Rebound | Rent Collection Improves Daily Recap Sep 25 Written By Daily Recap U.S. equity markets rallied Friday, but not enough to prevent a fourth-straight week of declines for the S&P 500. Coronavirus concerns and stalled stimulus negotiations continue to weigh on investor sentiment. Ending the week lower by roughly 0.6%, the S&P 500 finished higher by 1.6% today while the tech-heavy Nasdaq 100 jumped 2.3% to snap a three-week losing streak.

Real estate equities were among the leaders today with the broad-based Equity REIT ETF (VNQ) finishing higher by 2.0% today all 18 property sectors in positive territory. Glimmers of hope for another round of fiscal stimulus, along with better-than-expected housing data helped to fuel a late-week rebound that pulled the Nasdaq out of "correction territory." NAREIT released its monthly Rent Collection Survey yesterday which showed continued improvement across the surveyed sectors.

Rent collection among net lease REITs, for example, has improved from around 70% in April to 95% in September. Real Estate Daily Recap U.S. equity markets rallied Friday, but not enough to prevent a fourth-straight week of declines for the S&P 500. Coronavirus concerns and stalled stimulus negotiations continue to weigh on investor sentiment. Ending the week lower by roughly 0.6%, the S&P 500 ETF ( SPY ) finished higher by 1.6% today while the tech-heavy Nasdaq 100 ( QQQ ) jumped 2.3% to snap a three-week losing streak.

Real estate equities were among the leaders today with the broad-based Equity REIT ETF ( VNQ ) finishing higher by 2.0% today all 18 property sectors in positive territory. The Mortgage REIT ETF ( REM ) gained 2.5%. Volatility has picked up again over the last month following a late-summer lull, fueled by concerns over global economic growth amid a renewed uptick in coronavirus cases in many European countries. Glimmers of hope for another round of fiscal stimulus helped to fuel a late-week rebound. ...