income builder 2021 24420.png
income builder trial button.png
RIET Hoya Capital High Dividend Yield ETF.png
HOMZ_Logo_Just Ticker.png
  • Alex Pettee, CFA

Wild Week As Fed Pivots

  • U.S. equity markets snapped a three-week skid on a historically volatile week as the start of earnings season partially eased investor jitters about rising interest rates, geopolitical concerns, and inflation.

  • Briefly dipping into "correction territory" before a late-week rally, the S&P 500 finished higher by 0.9% on the week while the tech-heavy Nasdaq finished flat and remains 15% below recent highs.

  • Real estate equities were mixed despite a solid start to REIT earnings season highlighted by a pair of dividend hikes and strong 2022 guidance. The Equity REIT index declined 0.3%.

  • Inflation has proven to be less "transitory" than the Fed expected. The PCE Price Index - the Fed's "preferred" measure of inflation- rose more than 5.8% from last year - the highest in more than three decades.

  • New Home Sales rose in December to a nine-month high, indicating that housing demand remained strong in late 2021 despite the rise in interest rates and historically low levels of housing supply.

Click Here To Read The Full Report on Seeking Alpha!

high yield REIT investing hoya capital logo.png