VRAI - Bumpy Landing Ahead
2024-03-31 09:00:00 ET
Summary
- U.S. equity markets posted a second-straight weekly gain as investors parsed mixed economic data and status-quo Fed commentary indicating a path towards easing monetary conditions this summer.
- Underscoring the seemingly unshakable nature of the equity market rally, markets were unfazed by yet another economic curveball - the shocking collapse of the Key Bridge in Baltimore.
- Concluding a historically strong first quarter at fresh record-highs, the S&P 500 advanced another 0.4% this week to push its quarterly gain to over 10%.
- Real estate equities were also among the leaders this week as M&A and capital-raising activity indicated that public REITs may be poised to become aggressive on the external growth front.
- Invitation Homes advanced 3% this week after it reached a deal with Nuveen to manage roughly 3,000 of its properties. Rexford Industrial announced reached a $1.0B deal to buy 48 industrial properties from Blackstone and its non-traded affiliate, BREIT.
Real Estate Weekly Outlook
U.S. equity markets posted a second-straight weekly gain - lifting global equities to their strongest first-quarter of performance in five years - as investors parsed mixed economic data and status-quo Fed commentary indicating a path towards easing monetary conditions this summer. Underscoring the seemingly unshakable nature of the equity market rally, markets were unfazed by yet another economic curveball - the shocking collapse of the Key Bridge in Baltimore - blocking a key East Coast shipping artery that is certain to have a major impact on still-fragile supply chains....
Bumpy Landing Ahead