3 Recession-Proof REITs With 20% Upside in 2017
November 04, 2016 at 06:00 AM EDT
What a difference three months makes. Back in the summer, real estate investment trusts (REITs) were all the rage—especially after a dismal May jobs report put the final nail in the coffin of a summer rate hike. Fast-forward to today, and we’re looking at a rate hike that’s a 72% certainty at the Fed’s December meeting, according to traders betting through the Fed funds futures market: It’s no coincidence that the air has gone out of the SPDR Dow Jones REIT ETF (RWR) , a popular REIT index fund, as that late-year increase has grown more certain: RWR’s Big Rise—and Fall It’s a classic case of the herd falling for an old myth: ... Read more