Real Estate Weekly Review
The unrelenting volatility in US equity markets continued this week as the S&P 500 (SPY) dipped more than 4.4%, erasing its 2018 gains. Optimism regarding China/US trade talks faded following the G20 summit last week while global economic data has noticeably cooled over the last four months. Oil prices (USO) finally stabilized following an OPEC deal to cut production. The plunge in oil prices since early October, through its effect on inflation expectations, has contributed to the decline in the 10-year yield, which is now at its