- U.S. equity markets rallied to fresh record-highs after muted inflation data temporarily curbed concerns about an "overheating" economy ahead of the deployment of another massive round of stimulus.
- The "reopening trade" gave way to the "American exceptionalism" trade this week as domestic-focused, pro-cyclical segments of the equity market - notably Mid-Caps and Small-Caps - surged this past week.
- Closing a volatile week at fresh record highs, the S&P 500 gained 2.7% on the week while the tech-heavy Nasdaq 100 ended the week higher by 2.2% after briefly dipping into "correction-territory."
- Real estate equities delivered a very strong week led by the residential and technology sectors as the broad-based Equity REIT ETFs surged 5.5% with 18 of 19 property sectors in positive-territory.
- Three more equity REITs and one more mortgage REIT raised their dividends this past week. We've now seen 43 equity REITs and 18 mortgage REITs raise their dividends so far in 2021.
For further details see:
REITs Rally As Dividend Growth Wave Continues