The US stock market has been on a roller coaster this year, but the volatility hasn’t dented the relatively smooth bull market in securitized real estate shares. In the wake of the tech sector’s slide in recent weeks, real estate investment trusts (REITs) have become the top-performing US equity sector year to date, based on a set of exchange-traded funds.

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Trump: more progress needed to avert new tariffs on Mexico: BBC
US plans arms package for Taiwain despite China’s protests: Bloomberg
Fed’s Beige Book: US economy expanded at ‘moderate pace’: MW
German factory orders rose more than expected in April: Bloomberg
Are markets overpricing the odds of a Fed rate cut? CNBC
Oil prices slide on weaker economic outlook: NY Times
Global growth slowed to 3-year low in May: IHS Markit
US ISM Non-Mfg Index rose more than expected in May: CNBC
US Services PMI for May reflects slowest growth since 2016: IHS Markit
US private employment growth slowed sharply in May: ADP