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home / news releases / XLU - The More REITs Drop The More I Buy


XLU - The More REITs Drop The More I Buy

2024-02-20 07:15:00 ET

Summary

  • REITs have sold off again.
  • Cuts to interest rates will still likely occur.
  • We are buying the dip. We highlight a few of our top picks.

Co-produced by Austin Rogers

We seem to be in the midst of the last stand of the Federal Reserve's "higher for longer" narrative.

A recent rebound in Treasury yields, hot GDP number, and strong jobs market report have spurred a selloff in real estate investment trusts ("REITs") ( VNQ ) as well as other interest rate sensitive sectors like utilities ( XLU ) and regional banks ( KRE )....

For further details see:

The More REITs Drop, The More I Buy
Stock Information

Company Name: SPDR Select Sector Fund - Utilities
Stock Symbol: XLU
Market: NYSE

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