FYI: Real-estate stocks are on a tear in 2019, beneficiaries of the surprising fall in interest rates as well as bets on the future of e-commerce.
On Monday, a quarter of the 32 companies in the S&P 500’s real-estate sector were trading at their highest levels in at least a year, according to Dow Jones Market Data. The sector is up 0.9% on Monday, and is the second-best performer in the index in 2019, lagging only highflying technology stocks.
Regards,
Ted
XLRE:
+23% YTD
+21% 1yr.
Average Open-End Mutual Fund:
+20.89% YTD
(Source M*)
