“To know that we know what we know, and to know that we do not know what we do not know, that is true knowledge.” - Nicolaus Copernicus - How many times did you have to read that quote? In between all the knows and the do not knows, there is some beautiful ancient wisdom.…
Tag: REITs
August REIT Recap: When Will Then Be Now?
Investors are not a patient bunch. We want the next big move in the market, and we want it now. Unless that move goes against our positioning. Then we want time to stop and think…to reassess the environment so that we can get to the right answer. Unfortunately, the market rarely cooperates. As the old…
REIT Opportunity: Preparing For The Next Bull Market
In the following piece, we blend REIT history with financial theory to tackle this difficult topic. The period spanning 2010 to 2016 was a recent period of extended outperformance for REITs relative to other asset classes, with the sector outperforming stocks and bonds for 5 out of 6 years. What propelled the sector higher during…
REIT Wars: The Fed vs Unemployment
The stock market has celebrated as the coronavirus in the United States has come under relative control, and states and cities have begun the re-opening process. Pent-up demand has given companies a bullish narrative to feed investors, with many companies referencing “traffic” or “demand” that was actually UP year over year in May. Does this…
Are REITs Cheap? A Brief Investigation…
In times of distress, it can be instructive to look forward and imagine how the current environment might be viewed retrospectively. Will 2020 be viewed as the year of the great March sell-off that was an incredible buying opportunity? Or will future generations remember the global pandemic that plunged the world economy into a synchronized…