Stocks Slide • Hawkish Fed • REIT Dividend Hike

November 30, 2021 | Hoya Capital

Stocks Slide • Hawkish Fed • REIT Dividend Hike Daily Recap Nov 30 Written By Summary U.S. equity markets finished broadly lower Tuesday amid a number of concerns including the impact of the Omicron Covid-19 variant, the looming debt ceiling deadline, and a seemingly more hawkish-sounding Fed. After bouncing back yesterday from a similarly-sized decline last Friday, the S&P 500 dipped 2.0% today while the Mid-Cap 400 slipped 2.6% and the Small-Cap 600 declined 2.6%.

Real estate equities were broadly lower as well as the Equity REIT Index slipped 1.9% today with all 19 property sectors in negative territory while Mortgage REITs declined 2.7%. Another day, another REIT dividend increase. Net Lease REIT Four Corners Property (FCPT) became the 121st REIT to raise its dividend this year, hiking its dividend by 4.7%. Home values continue to soar, but the pace of the price appreciation appears to finally be moderating.

Case Shiller data showed that home prices rose 19.5% in September, down from 19.8% in August. 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 broadly lower Tuesday amid a number of concerns including the impact of the Omicron Covid-19 variant, the looming debt ceiling deadline, and a seemingly more hawkish-sounding Federal Reserve. After bouncing back yesterday from a similarly-sized decline last Friday, the S&P 500 dipped 2.0% today while the Mid-Cap 400 slipped 2.6% and the Small-Cap 600 declined 2.6%.

Real estate equities were broadly lower as well as the Equity REIT Index slipped 1.9% today ...