What Goes Up Must Come Down

September 14, 2020 | Hoya Capital

What Goes Up Must Come Down Weekly Recap Sep 14 Written By The "tech-wreck" dragged on as U.S. equity markets declined for the second-straight week after Congress failed to reach a compromise on a renewed stimulus package and after a potential vaccine setback. The seemingly unstoppable rally from the "stay-at-home winners" has come to a screeching halt over the last two weeks. The Nasdaq 100 dipped into "correction territory" with declines of nearly 5%.

It was an especially choppy week in the real estate sector as the relatively mundane 2.2% decline from the broad-based Equity REIT ETF masked a sharp dip from retail REITs. It shaped up to be a very busy week of REIT-related news flow, headlined by a flurry of rent collection updates, several dividend increases, and some notable M&A news in the mall and self-storage REIT sectors. Homebuilders were a bright spot this week as housing data continues to impress.

Mortgage applications to purchase a single-family home are now higher by a stunning 40% from last year. To continue reading, click here to visit Seeking Alpha! Comments (0) Newest First Oldest First Newest First Most Liked Least Liked Add Comment --> Preview Edit --> Post Comment… Previous Previous REITs Rally | Apartment Spin-Off | Vaccine Restart Next Next Dividend Boost | Urban Exodus | Lumber On Fire