RIET Hoya Capital High Dividend Yield ETF.png
HOMZ_Logo_Just Ticker.png
  • Alex Pettee, CFA

Stocks Soar As Pandemic Fears Wane [Daily Recap]

  • Following the worst week since the financial crisis, U.S. equity markets surged on Monday as investors weighed the near-term risks of the coronavirus against tailwinds of central bank easing.

  • Coming off 11.3% declines last week, the S&P 500 finished higher by 4.6% while the Dow Jones Industrial Average surged nearly 1,300 points, the largest one-day point gain in history.

  • Bouncing back from its worst week on record, the broad-based commercial Real Estate ETF (VNQ) finished higher by 4.2%, led by strong gains from technology-focused and manufactured housing REITs.

  • The underlying data shows that the coronavirus outbreak has moderated over the last several weeks with the number of active cases globally declining for a thirteenth straight day.

  • Mortgage rates are likely to breach new historic lows this week, providing a potential tailwind for the U.S. housing industry - and homeowners - that could be a silver-lining to a potential near-term economic slowdown.

Real Estate Daily Recap

Following the worst week for global markets since the financial crisis, U.S. equity markets surged on Monday as investors weighed the near-term risks of the coronavirus against expectations of central bank stimulus. Coming off 11.3% declines last week, the S&P 500 ETF (SPY) finished higher by 4.6% while the Dow Jones Industrial Average (DIA) surged nearly 1,300 points, the largest one-day point gain in history. After flirting with going below 1% in the early-morning session, the 10-Year Treasury Yield (IEF) ended the day lower by 4 basis points, closing at 1.09%, another historic closing low. Bouncing back from its worst week on record, the broad-based commercial Real Estate ETF (VNQ) finished higher by 4.2%, led by strong gains from data centers, cell towers, and manufactured housing REITs.

To continue reading, click here to visit Seeking Alpha!

high yield REIT investing hoya capital logo.png

Hoya Capital Research & Index Innovations is an affiliated index provider and research firm that builds custom indexes tracking U.S. commercial and residential real estate sectors, including indexes tracked by exchange-traded funds (ETFs). 

Hoya Capital Research & Index Innovations