Housing stocks continue to tank, interest rates not slowing down, yields remain elevated.
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.
$iShares U.S. Real Estate ETF(IYR)$
With treasury yields showing no signs of slowing down or retracement, its worth monitoring MOVE as well to have a more holistic analysis instead of just relying on VIX index to determine the degree of greed/fear in the market.
With home loan interest rates showing no sign of retracement, housing being already expensive and affordability being an issue, wise to trim your allocation in REITs related to housing, unless you have at lest 10 years horizon or more. These unfavorable conditions might affect the long term dividend yield that REITs are known for.[Look back]
PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]
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