No. of Recommendations: 6
I think there is a second reason in addition to interest rates and that is the possible/probable trade deal. I "think" that the year-long trade conflict caused valuations to flow from those companies more affected by trade to those companies less affected by trade.

REITs are somewhat removed from tariffs. Yes, if the tariffs caused enough problems in the economy they would eventually get to domestic real estate, but a lot more problems would be felt by other industries earlier and more intensely than real estate.
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