Went from up over 1% early today to down almost 2% at the market close. My winners included some of my financials, most of my energy and all of my shopping center REITs which included - KRG +1.74%, BRX +1.86%, & KIM +1.21%.Given that VNQ was down 1.2% today (only about a third of what the S&P 500 was down) I am wondering why the grocery anchored REITs did so well.Any ideas?
I am wondering why the grocery anchored REITs did so well.Hi VM!Optimism about the decline and fall of Covid?(Even M was up nearly 8%.)David
David, I am just thinking that more than anything else, it is just a rotation to some of the cheaper, by common value metrics, stocks and sectors. For a second day my financials, energy and grocery anchored REITs are up on a day when the S&P 500 is presently down 2.5%. In about 5-10 minutes, I went from up 1.2% for the day to down 0.20% for today. Volatility this year has been something else. Of course the real answer is that we just do not know. Regards, VM
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