DRV

Earnings Preview: A REIT Revival?

Real estate earnings season kicks into gear this week. The Equity REIT Index has gained 14.0% since the start of earnings season in mid-April. REITs enter this earnings season with upside momentum after a dismal two-year stretch of underperformance. The real estate sector has the most to gain from Fed rate cuts.

Weekly Report: what happened at DRV last week (0715-0719)?

Certainly Uncertain

U.S. Equity markets posted their worst week since April. The tech-heavy Nasdaq 100 slid 4% on the week. Real estate equities led for a second-straight week, lifted by a strong start to REIT and homebuilder earnings season. "certainly uncertain" was the theme across economic reports this week as the Fed entered its "quiet period"

Weekly Report: what happened at DRV last week (0708-0712)?

REITs Rip As Rates Retreat

Weekly Report: what happened at DRV last week (0701-0705)?

Weekly Report: what happened at DRV last week (0624-0628)?

Debate Debacle

U.S. Equity markets were little changed this week while long-term benchmark interest rates surged. The S&P 500 posted fractional declines on the week, but held on to impressive first-half returns of over 15%. Real estate equities posted a relatively strong week as investors rotated into beaten-down value stocks ahead of the Fed pivot towards rate cuts expected later this quarter. A disastrous debate performance by President Biden led to a slowdown in consumer spending and inflation. Crude oil prices rose 1% this week.