Will Commodities Continue To Outperform In 2024?

Most of the major asset classes are in the red so far this year. A widely followed marker in the commodities rally is this year’s rise in gold. The second-best performer in 2024 is the fast-deflating US stock market. James Picerno says commodities are the upside outlier by a wide margin.

Weekly Report: what happened at VNQI last week (0415-0419)?

Home Sales Clobbered By Mortgage Rates. New Listings And Active Listings Surge. Most Price Reductions For Any March In Years

REET: Global With A Big U.S. Tilt

Weekly Report: what happened at VNQI last week (0408-0412)?

Why We Expect A Price Recovery In Commercial Real Estate

Lower interest rates should help lower real estate debt costs and start a chain reaction for a recovery in prices. Improved tenant confidence and a sharp reduction in new supply should drive rent growth starting next year. Lower interest rates and lower cap rates should result in higher real estate prices. Invesco expects real estate to start its price recovery in 2024.

The Federal Reserve Must Choose Its Interest Rate Strategy

Desmond Lachman says the Federal Reserve must choose its interest rate strategy. He says the Fed will have to keep interest rates high to meet its inflation target or cut interest rates to stabilize the financial system. The Fed’s predicament stems from keeping monetary policy too loose for too long, he says. The Federal Reserve has helped fuel a commercial real estate bubble and a bubble.

Weekly Report: what happened at VNQI last week (0401-0405)?

The Stock Market Is Partying Like It Is 2008

Home Market Outlook Today's Market The Stock Market Is Partying like It Is 2008 Desmond Lachman: The stock market is partying like it is 2008 even at a time of high interest rates. He says the market is ignoring the risk of heightened world trade tensions. The market is also ignoring the slow-motion train wreck in the commercial real estate sector.

Commodities Continue To Lead Major Asset Classes In 2024

Commodities have overtaken US stocks as the top performer for global assets in 2024. A number of broad-brush commodity funds are rebounding in 2024 after a down year for the asset class in 2023. The rally for prices of raw materials continues to bubble after a rough 2023 in global markets.

REITs finish March trading at 15% discount to NAV per share estimates

Office REITs finish March trading at 15% discount to NAV per share estimates. Industrial Logistics Properties Trust (ILPT) continued to trade at the largest discount to its consensus NAV estimate of $13.26. The median discount of 15% is unchanged from the month prior.

VNQI: Asia-Pacific And Europe Will Likely Offer Meager Real Estate Performance

Vanguard Global ex-U.S. Real Estate ETF is a sell due to poor macro-level prospects for international real estate investment holdings. The fund has a low expense ratio, substantial dividend yield, and high diversification. Investors will likely see better performance in international funds that are broadly diversified among multiple sectors. VNQI: Asia-Pacific And Europe Will Likely Offer Meager Real Estate Performance

Major Asset Classes: March 2024 Performance Review

The rally in global assets broadened in March, lifting nearly every slice of the major asset classes. Global real estate ex-US topped the long list of winners in March. The downside outlier: bonds in emerging markets. The Global Market Index extended its winning streak for a fifth straight month.

Weekly Report: what happened at VNQI last week (0325-0329)?

Weekly Report: what happened at VNQI last week (0318-0322)?

Who's On The Hook For Multifamily CRE Mortgages? #1 Taxpayers, Far Ahead Of #2 Banks

Multifamily segment of Commercial Real Estate is holding up better than office, retail and lodging. Total mortgages backed by multifamily properties rose by 4.4% year-over-year in Q4 to $2.09 trillion. Taxpayers are on the hook for 54.8% of all multifamily mortgages. Yet, US banks and thrifts and foreign banks hold only a small-ish portion.

Commodities Overtake U.S. Stocks As Performance Leader In 2024

Weekly Report: what happened at VNQI last week (0311-0315)?

Weekly Report: what happened at VNQI last week (0304-0308)?

SRET: Monthly Payer - High Yield

Global X SuperDividend REIT ETF (SRET) provides access to high-yielding REITs. The fund has a track record of 8 years of monthly distributions. SRET is comprised of the 30 highest-yielded REits in the world. The ETF has little to no dividend growth and we rate SRET a hold.