FRI News and Press, First Trust S&P REIT Index Fund From 10/26/22

Summary Healthcare REITs have lagged over the past quarter as sharply higher labor costs, a sluggish post-COVID recovery in patient volumes, and the waning of government fiscal support have pressured operators. Hospital operators have been slammed particularly hard as elective sur...

Summary The housing market appears to be dissolving quickly. Housing starts in September also fell 8.1% from August and were below Street expectations (-7.2%). Another name that I like as a short that continues to puzzle me is ABNB ($119). For further det...

Summary A super-strong dollar, collapsing housing and commodity prices, and a huge increase in real interest rates were all but shouting at the Fed to back off and give the economy some time to digest things. If the Fed had been paying attention to the slowdown in M2, they would h...

Summary US house prices recorded a second consecutive MoM decline in August, something that the market hasn't experienced since early 2012. Demand is weakening as mortgage rates surge while housing inventory for sale is on the rise, meaning further large price falls are probable. ...

Summary Subprime loan delinquency rates are higher than the 2008 recession levels today, with unemployment still near all-time lows and the layoff cycle just beginning. But the Fed won't rescue the housing market. Risk markets are likely to rally on news of slower monetary tig...

Summary We can’t prevent the government or the Fed from implementing inflationary policies, so we might as well get used to inflation and learn to profit from it. There are ways to profit from inflation without selling stocks. Not only can we buy shares of fossil fuel compa...

Summary The recession we see from Federal Reserve rate hikes eclipses any impact from U.S. midterm elections. We stay underweight developed market (DM) stocks. Yields rose and stocks rallied off lows as markets mulled the scope of central bank rate hikes amid a “whatever it...

Summary I have said for weeks that the Fed needs to slow the pace of its tightening campaign. Powell apparently decided last week that the market was taking things too far. Corporate earnings are being released for the quarter and, so far, they aren’t that bad. It w...

Summary U.S. equity markets rebounded with their best weekly gains since July after a decent start to corporate earnings season eased the seemingly-relentless selling pressure even as interest rates swelled to multi-decade-highs. Rebounding from two-year-lows and gaining for just ...

Summary The COVID-19 pandemic disrupted daily life and normal market cycles. It also led to a synchronized global recovery, global inflation and central bank tightening. In our analysis, US inflation already peaked in June, and although it is currently a headwind for continental E...