Read about CCT here
You see, a retail mall is more than a place for people to get their groceries, dine out or send their kids for tuition. The Covi-19 has sent many retail players going bust and unable to pay their rents due to lack of sales. Some say, convert to online. It is easier said than done when most people are asked to work from home, the need to change their wardrobe to a certain extent has dropped as well.
We also know that the Covid-19 vaccine is getting closer each day and who knows, we could be vaccinated before Christmas or by Q1 in 2021.
This article here has many underlying stories if you dig deeper. On a political front, many countries are afraid to publicly announce getting the vaccine from Russia instead of US in view of damaging the relationship. It is my wild guess that there will be some countries negotiating to buy from Russia behind US back.
I am expecting some correction in the heavily overbought sectors like Tech and IT and think that sector rotation to the badly affected industries like Retail, Tourism, Entertainment, Casinos, etc might see a reversal towards Q4.
Moreover, this Reit also provides 4% dividend yield so it can be used as a defence strategy as well.
You see, a retail mall is more than a place for people to get their groceries, dine out or send their kids for tuition. The Covi-19 has sent many retail players going bust and unable to pay their rents due to lack of sales. Some say, convert to online. It is easier said than done when most people are asked to work from home, the need to change their wardrobe to a certain extent has dropped as well.
We also know that the Covid-19 vaccine is getting closer each day and who knows, we could be vaccinated before Christmas or by Q1 in 2021.
This article here has many underlying stories if you dig deeper. On a political front, many countries are afraid to publicly announce getting the vaccine from Russia instead of US in view of damaging the relationship. It is my wild guess that there will be some countries negotiating to buy from Russia behind US back.
I am expecting some correction in the heavily overbought sectors like Tech and IT and think that sector rotation to the badly affected industries like Retail, Tourism, Entertainment, Casinos, etc might see a reversal towards Q4.
Moreover, this Reit also provides 4% dividend yield so it can be used as a defence strategy as well.
Comment:
very nice upward move .. Praise the Lord
Comment:
1.74 is the support