Real estate is running hot lately. Just in time for the start of summer. Deciding why property shares are blowing away most other slices of the major asset classes is a slippery affair, but there’s no debate about the performance sizzle.
The US economy remains on track to post stronger growth in the second quarter, although the pace of acceleration over Q1 has been revised lower in recent weeks, based on a set of nowcasts.
* Senate passes bill to strengthen US tech competitiveness with China
* Biden ends infrastructure talks; discussions shift to bipartisan group
* Biden to begin first foreign trip with Putin and Europe on agenda
* EU considers ending tariff battle with US during Biden visit
* China’s factory-gate inflation rose to 13-year high in May
* US billionaires paid little or no tax
* US trade deficit narrowed slightly in April after reaching record level
* Small business optimism fell in May as firms struggle to hire workers
* US job openings surged in April to record high amid worker shortage: