Twitter Trouble • Dividend Boosts • Inflation Week

January 11, 2021 | Hoya Capital

Twitter Trouble • Dividend Boosts • Inflation Week Daily Recap Jan 11 Written By Summary U.S. equity markets retreated Monday, dragged on the downside by mega-cap technology companies amid reignited regulatory concerns following the de-platforming of President Trump and other conservative media outlets. After gaining 2.0% last week, the S&P 500 finished lower by 0.7% while the Dow Jones Industrial Average declined 89 points and the Nasdaq 100 dipped 1.5%.

Following a disappointing start to 2021 last week, real estate equities were again laggards today as the Equity REIT ETF declined by 1.3% with 18 of 19 property sectors in negative-territory. Twitter and Facebook plunged as the social media companies stepped into the center of the intensifying debate over monopoly power, censorship, free speech, and corporate influence in politics. Two REITs - STAG and BRMK- boosted their dividends this afternoon.

Inflation data highlights this week's economic calendar. Inflation expectations surged last week after Democrats won the "trifecta" of political control. Real Estate Daily Recap U.S. equity markets retreated Monday, dragged on the downside by mega-cap technology companies amid reignited regulatory concerns following the de-platforming of President Trump and other conservative-leaning media outlets. After gaining 2.0% last week, the S&P 500 ETF ( SPY ) finished lower by 0.7% while the Dow Jones Industrial Average ( DIA ) declined 89 points and the Nasdaq 100 ( QQQ ) dipped 1.5%.

Following a disappointing start to 2021 last week, real estate equities were again laggards today as the broad-based Equity REIT ETF ( VNQ ) declined by 1.3% with 18 of 19 property sectors in negative territory while Mortgage REITs ( REM ) retreated by 0.9%. Seven of the eleven GICS equity sectors finished lower on the day, led to the downside by the Consumer Discretionary ( XLY ) and Communications ( XLC ) sectors while the Energy ( XLE ) added to last week's rally on the upside.

Homebuilders and the ...