US-listed real estate investment trusts (REITs) posted the strongest gain for the major asset classes in last week’s mostly quiet trading, based on a set of ETF proxies. A solid gain is welcome news for REITs, which have been sliding for more than a year, but it’s debatable if the rally signals an end for the sector’s bear market.
Daily Archives: April 24, 2023
Macro Briefing: 24 April 2023
* High-stakes vote this week on debt ceiling puts House Speaker on hot seat
* Wall Street wakes up to debt-ceiling threat
* Some Democrats in Congress want to restart Biden-McCarthy debt-ceiling talks
* US asks S. Korea not to fill gap in China if Beijing bans chips from Micron
* More countries pushing for lesser reliance on US dollar for trade
* Big tech earnings reports in focus this week
* Hedge funds place huge short bet on Treasuries
* US economic activity picks up in April, according to PMI survey data:
