2024-02-20 07:15:00 ET
Summary
- REITs have sold off again.
- Cuts to interest rates will still likely occur.
- We are buying the dip. We highlight a few of our top picks.
Co-produced by Austin Rogers
We seem to be in the midst of the last stand of the Federal Reserve's "higher for longer" narrative.
A recent rebound in Treasury yields, hot GDP number, and strong jobs market report have spurred a selloff in real estate investment trusts ("REITs") ( VNQ ) as well as other interest rate sensitive sectors like utilities ( XLU ) and regional banks ( KRE )....
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The More REITs Drop, The More I Buy