CLNC - MORT: Avoid The ETF Of A Distressed Mortgage REIT Industry

Without question, 2020 Q1 will go down as the most destructive quarter for the stock market in history. While the coronavirus pandemic has unleashed havoc across the board, mortgage REITs (MORT) join the ranks of airlines, energy among the worst hit sectors. Indeed, a supposedly overvalued correction turned into an obliteration, as MORT collapsed from $25 by more than 70% before a reprieve back to $10:

Source: WingCapital Investments

The causes behind the unforgiving sell-off have been well covered by fellow SA authors. To wit from Colorado Wealth Management:

• Here's Why Mortgage REITs

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