• Alex Pettee, CFA

Daily Recap: Real Estate And Stocks Keep Rolling

  • The positive momentum continued for US equity markets following the passage of USMCA through the Senate, sending the major indexes to fresh record highs.

  • The S&P 500 gained 0.8% and the small-cap Russell 2000 gained 1.3% while the 10-Year Treasury Yield finished higher by 2 basis points to close at 1.81%.

  • After leading yesterday's gains, the broad-based Real Estate ETF kept pace with the market today, gaining another 0.7% with all major sectors finishing in the green, led by Billboard REITs.

  • The US housing market continues to build strength, according to today's better-than-expected Homebuilder Sentiment data, sending the Hoya Capital Housing Index to fresh record-highs.

  • It was a strong holiday season for retailers. Total retail sales rose for the third straight month and were higher by a strong 5.8% on a year-over-year basis. Brick and mortar sales, however, rose just 2.1% for the full-year.

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