A large majority of companies will either default or give up on their leases. On the other side hotels & malls are not seeing much traffic either.
All this points to a drastic drop in returns for REITs.
Daily has had higher lows.
is picking up.
turned green and is heading to territory
The price is trying to break a .
Note: This is not financial advise. Please do your own research.
Yes I am perplexed too!
The macro situation points to the commercial real estate sector going down due to coronavirus and now the riots across the US.
My strong feeling is that the large REITs have received currency from the fed to keep them afloat.
Now it remains to be seen for how long the fed will supply them with newly printed currency while the economy keeps breaking down.
We want more volatility when trading 3x etfs.
It's never a long term hold.
So be careful.