Extreme weakness is real estate. Should drag the benchmarks; great place to open up pairs if you want to be delta neutral.
Major gaps in quite a few indices, with VIX @ record lows.
Both because of the impact of rates and the simple technical retracement, international real estate is going to suffer -this is true in Europe, Canada and also in Asia. Developped Asia and the global economy is still caught in the current and past trade issues; although seemingly unrelated to property, the tension and market sentiment are adding to the...
Bought some VNQI right before the recent up move, but, ultimately still bearish on real estate companies in the US and internationally. In the case of VNQI, I believe the move to revert to the mean is not over and will represent further opportunities to buy. This is a great fund, nicely diversified and with an amazing 5.2 annual yield. For the long-term investor, though.