Twitter Takeover • Yields Bounce • Retail Sales

April 13, 2022 | Hoya Capital

Twitter Takeover • Yields Bounce • Retail Sales Real Estate Daily Recap Apr 14 Written By U.S. equity markets retreated Thursday following a mixed slate of corporate earnings reports and economic data while bonds resumed their sell-off on hawkish comments from Fed officials. Ending the week with cumulative declines of 2.2%, the S&P 500 slipped 1.3% today while the tech-heavy Nasdaq 100 dipped 2.3% but Mid-Caps and Small-Caps were again outperformers.

Real estate equities were mixed today- but outperformed on the week - as the Equity REIT Index slipped 0.4% with 9-of-19 property sectors in positive territory. Mortgage REITs were flat. Orchid Island Capital (ORC) was among the best-performing REITs today after reporting preliminary Q1 results that were not as bad as expected. Innovative Industrial (IIPR) dipped 7% following a "short report" published by a small research firm. The primary focus today, however, was on social media giant Twitter (TWTR) following a takeover bid from Elon Musk, who has been critical of the firm policies on censorship and control of speech.

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U.S. equity markets retreated Thursday - and were broadly lower on the week - following a mixed slate of corporate earnings reports and economic data while bonds resumed their sell-off following hawkish comments from Fed officials. Ending the week with cumulative declines of 2.2%, the S&P 500 slipped 1.3% today while the tech-heavy Nasdaq 100 dipped 2.3%. Mid-Caps and Small-Caps were again outperformers with declines of 0.6% and 0.8%, respectively. ...