KBWY - Walking An Inflation Tightrope

• U.S. equity markets rebounded following the worst week since February on promises of bipartisan progress on a significantly slimmed-down infrastructure package, reflecting concern that additional stimulus could further inflame inflation.
• Delivering its best week since February and closing at fresh record-highs, the S&P 500 gained 2.8% this week while Mid-Caps jumped 4.5% and Small-Caps rallied 4.1%. Bitcoin dipped another 10%.
• Further evidence of accelerating rent growth across the country powered another strong week for residential REITs, lifting the Equity REIT Index higher by 1.8% with 17-of-19 property sectors in positive territory.
• The political tightrope on advancing additional fiscal stimulus got ever-thinner after the Core PCE Index - the Federal Reserve's "preferred" gauge of inflation - recorded its highest annual increase 1991.
• The wave of REIT dividend boosts continued this week with mall REIT Simon Property and shopping center REIT Saul Centers joining 65 other REITs that have raised payouts this year.

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