With tanks rolling across Europe in late February and the Federal Reserve set to raise interest rates for the first time since 2018, many investors assumed a reckoning was on the way for US equities. Instead, on February 24th, the S&P 500 opened down almost -2%, closed up almost +2%, and went on to rally…
Category: REITs
Time to Dare and Endure: February 2022 Newsletter
A kinetic war in Europe, inflation at 40-year highs, and a stock market that is down 11.1% from its all-time highs as of this writing. Does anything in your portfolio feel easy or comfortable? Are you smiling as you buy the dip or HODL your crypto currency? There are times for ease and comfort in…
Creativity and Flexibility are Requirements in a Hawkish Market - January 2022 Newsletter
After a year of prodigiously sweet returns in 2021, January 2022 was a stark reminder of how quickly the capital markets can change: Bitcoin down -17%, Netflix down -29%, the Nasdaq down -9%, and REITs down -7%. Some of the best performers of 2020 and 2021 got a cold dose of reality. Anyone that thought…
A Cinderella Story: December 2021 Newsletter
What was 2021 like for your portfolio? Was it a year filled with calm nuanced data consumption and analysis? Or was it a year filled with panic and freakout? Did you bomb it down the fairway or shank it into the water? 2021 was replete with reasons to panic and sell stocks, buy bonds, or…
Did You Panic? You Should Think Again - November Newsletter
PANIC! A NEW VARIANT! SHUT IT DOWN, CLOSE IT UP, RETURN TO YOUR BUNKER! Did you receive this message on November 26th? The stock market was certainly sending it. Hotel REITs fell 6.1%, Regional Malls fell 5.0%, small cap stocks fell 3.7%, even the bulletproof Nasdaq 100 fell 2.09%. Within the span of 48 hours,…