Stocks Rebound • Oil Dips • Inflation Ahead

March 9, 2022 | Hoya Capital

Stocks Rebound • Oil Dips • Inflation Ahead Real Estate Daily Recap Mar 9 Written By U.S. equity markets rebounded Wednesday as oil prices pared recent historic gains after U.S. officials finally indicated public support for increased domestic production as leaders scramble to contain the economic fallout. Posting its best day of gains since June 2020 following sharp declines earlier this week, the S&P 500 rebounded 0.6% today while the tech-heavy Nasdaq 100 surged 3.6%.

Real estate equities were also broadly-higher as the Equity REIT Index gained 1.5% today with 18-of-19 property sectors in positive territory while Mortgage REITs advanced 0.6%. Economic data today was stronger-than-expected with Job Openings data showing continued labor market strength while mortgage applications surged 9% after mortgage rates dropped for the first time in 12 weeks. All eyes will be on the CPI inflation report, which is expected to show the highest rate of inflation since 1982 at 7.9% and soaring commodities prices in recent weeks will keep significant upward pressure on inflation metrics over the next several months.

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 rebounded Wednesday as oil prices pared recent historic gains after U.S. officials finally indicated public support for increased domestic production as leaders scramble to contain the economic and political fallout. Posting its best day of gains since June 2020 following sharp declines earlier this week, the S&P 500 rebounded 2.6% today while the tech-heavy Nasdaq 100 surged 3.6%. Real estate equities were also broadly-higher ...