• Alex Pettee, CFA

Did We Find The Bottom? [Daily Recap]

  • On a relatively calm day by coronavirus crisis standards, U.S. equity markets bounced back on Thursday led by many of the most recently-beaten-down equity sectors.

  • After a dip of 5% yesterday, the S&P 500 finished today higher by 0.5% while the Dow Jones Industrial Average gained 188 points after dipping 1,300 points yesterday.

  • The broad-based commercial Real Estate ETF gained 0.4% today led by a recovery in the most hardest-hit areas of the real estate sector including malls, hotels, and healthcare REITs.

  • Homebuilders and other housing-related names, which were red-hot before the coronavirus crisis, bounced back strongly today amid an especially rough month for residential real estate equities.

  • Initial jobless claims climbed to 281k last week, not as bad as many economists feared. Next week's report is expected to show a historic (but hopefully temporary) jump.

Real Estate Daily Recap

On a relatively calm day by coronavirus crisis standards, U.S. equity markets bounced back on Thursday led by many of the most recently-beaten-down equity sectors as policymakers and central banks continue to take action to combat the economic effects of the virus-related shutdowns. After a dip of 5% yesterday, the S&P 500 ETF (SPY) finished today higher by 0.2% while the Dow Jones Industrial Average (DIA) gained 188 points after dipping 1,300 points yesterday. Following a nearly 10% dip yesterday, the broad-based commercial Real Estate ETF (VNQ) gained 0.4% today led by a recovery in the mall, hotel, and healthcare sectors while the recently-outperforming REIT sectors including data centers and cell towers were among the laggards.

Click here to read the full report on Seeking Alpha!

Glass Buildings

Keepin' It Real 

Economics, Housing, & Commercial Real Estate Analysis

apartment REITs
homebuilders ETFs
single family rental REITs
manufactured housing REITs
student housing REITs
data center REITs
Cell tower REITs
net lease REITs
industrial REITs
storage REITs
office REITs
mall REITs
REIT Preferreds and Bonds
hotel REITs
Timber REITs
healthcare REITs
REIT ETFs
Billboard REITs
shopping center REIT
High-Yield Real Estate ETFs
Real Estate CEFs
Casino REITs
cannabis REITs
prison REITs
mortgage REITs
real estate crowdfunding
REIT Portfolio Strategy
REITs Taxes
1/1
HOMZ_Logo_Just Ticker.png
ETF express.png

Explore our Real Estate Indexes

The Easy Way To Invest in Real Estate

REIT Forum HOYA AD.png