Stocks Slip • Rents Reaccelerate • Peace Talks Dismissed

March 30, 2022 | Hoya Capital

Stocks Slip • Rents Reaccelerate • Peace Talks Dismissed Real Estate Daily Recap Mar 30 Written By U.S. equity markets stumbled Wednesday while commodities resumed their rally after officials dismissed reports of progress on peace talks between Russia and Ukraine while investors parsed a mixed slate of economic data. Entering the session with week-to-date gains of 2%, the S&P 500 pulled back 0.6% today while Mid-Caps and Small-Caps were again under pressure with declines of 1.5% and 1.8%, respectively.

Real estate equities were mostly lower as well today as the Equity REIT Index declined 0.7% with 16-of-19 property sectors in negative territory while Mortgage REITs declined 1.4%. All eyes have been on the yield curve this week following a rare inversion of the 10-2 Treasury yield spread - a dynamic that has historically occurred in the final stages of a Fed rate hike cycle. Fresh rent data from Apartment List showed an acceleration in rents following a brief seasonal cooldown.

Year-over-year rent growth currently stands at a "staggering" 17.1%. Elsewhere in the real estate sector, Camden Property was added to the S&P 500, joining 28 other REITs. 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 stumbled Wednesday while commodities resumed their rally after officials dismissed reports of progress on peace talks between Russia and Ukraine while investors parsed a mixed slate of economic data. Entering the session with week-to-date gains of 2%, the S&P 500 pulled back 0.6% today while Mid-Caps and Small-Caps were again under ...