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
Housing100logo.png
ETF express.png
  • Alex Pettee, CFA

REITs Lead Rally | Reopening Reversals | Jobs Day Ahead

Daily Recap

  • U.S. equity markets finished mostly higher on Wednesday ahead of the critical BLS payrolls report tomorrow as investors continue to weigh both positive and negative data points on the pandemic.

  • Progress on vaccine development and solid employment and housing market data today and partially offset by reports that some states and companies continue to delay or reverse reopening progress.

  • Adding to gains of 1.5% yesterday, the S&P 500 finished higher by 0.5% today but the Dow Jones Industrial Average pulled back 78 points following yesterday's 217 point rally.

  • ADP data today showed that 2.3 million jobs were added in June - slightly below expectations of 3 million - but made a significant upward revision of 5.8 million jobs to their May figures.

  • Mortgage applications to purchase a home remained higher by 15% from the same time last year on the week ending June 26th, holding on to the "V-shaped" recovery pattern exhibited over the last three months.

To read the full report, click here to visit Seeking Alpha!

REIT Forum HOYA AD.png