The COVID-19 has punished all major stock indices and significantly decreased the overall consumer sentiment. If not already there, the economy is surely heading into a recession. Nobody knows how long the COVID-19 is going to continue disrupting our lives - not even the doctors. However, it seems that the market consensus is pricing in something bigger than just a couple of months of lowered consumption and decreased capital expenditures.
For example, Vanguard Real Estate ETF (VNQ) - an index which includes over 180 REITs - has lost more than one third of