Keepin' It Real 

Economics, Housing, & Commercial Real Estate Analysis

ETF express.png
  • Alex Pettee, CFA

Whistling Past The Graveyard? Cracks Emerge As Rally Continues

  • U.S. equity markets finished decisively higher for the second-straight week as better-than-expected economic data and encouraging news of coronavirus treatments again overwhelmed concerns about the intensification of the pandemic.

  • Adding to last week's gains of 4.1%, the S&P 500 gained another 1.7% while a relentless rally in large-cap technology stocks powered the NASDAQ to fresh record-highs.

  • Are bond investors sensing trouble on the horizon or just deflationary pressure? Several high-frequency data points - which had correctly foretold the economic rebound - have shown hints of rolling over.

  • Commercial equity REITs were among the laggards this week as sentiment remains profoundly negative across most property sectors. REITs dipped 2.4% with 16 of 18 sectors in negative territory.

  • Homebuilders delivered another strong week, however, as the housing industry continues to lead the early stage of the recovery. Mortgage applications to purchase a home are now higher by 33% from last year.

To continue reading, click here to visit Seeking Alpha!

REIT Forum HOYA AD.png

  • Facebook Social Icon
  • Twitter Social Icon
  • LinkedIn Social Icon

Hoya Capital Real Estate, LLC

(833) HOYA-CAP

Hoya Capital Real Estate ("Hoya Capital") is an SEC-registered investment advisory firm that provides investment management services to ETFs, individuals, and institutions, focusing on portfolio and index management of publicly traded securities in the real estate industry. It is not possible to invest directly in an index. Index performance cited in this website or commentary does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. Nothing on this site nor any published commentary by Hoya Capital is intended to be investment, tax, or legal advice or an offer to buy or sell securities. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and should not be considered a complete discussion of all factors and risks. Data quoted represents past performance, which is no guarantee of future results. Investing involves risk. Loss of principal is possible. Investments in companies involved in the real estate and housing industries involve unique risks, as do investments in ETFs, mutual funds, and other securities. Hoya Capital has no business relationship with any company discussed/mentioned. Hoya Capital never receives compensation from any company discussed/mentioned. Hoya Capital, its affiliate, and/or its clients and/or its employees may hold positions in securities or funds discussed on this website and our published commentary. A complete list of holdings and other important disclosures and definitions are available by clicking the links below.

Privacy Policy 

 Client Relationship Summary 

Hoya Capital's ADV Part 2

Important Disclosures, Definitions, & List of Holdings 


The Easy Way To Invest In Real Estate