Silver as an investment

Category Archives: REITs

Biggest Inflows Into European Stocks Since 2015, Just As The Economic Pullback Begins

Forget the “great rotation” out of bonds into stocks: 6 months into the so-called reflation trade, which so many strategists predicted would unleash a new era of euphoric stock buying driven by bond sales, it just isn’t happening; in fact bonds have seen fund inflows on 17 of the last 18 weeks. Instead, two other […]

“The Retail Bubble Has Now Burst”: A Record 8,640 Stores Are Closing In 2017

        “Thousands of new doors opened and rents soared. This created a bubble, and like housing, that bubble has now burst.”         – Richard Hayne, Urban Outfitters CEO, March 2017 The devastation in the US retail sector is accelerating in 2017, and in addition to the surging number of brick and mortar […]

RBC Emergency Market Update: “Big Trouble For Consensus Trades”

Markets may not be turmoiling yet, but as per this “emergency” Sunday night “hot take” from RBC’s cross-asset head Charlie McElligott notes, things are certainly starting to break. SPECIAL EDITION RBC Big Picture: BIG TROUBLE FOR CONSENSUS ‘REFLATION’ TRADES AS ‘FISCAL POLICY’ FEARS CONFIRMED  #HOTTAKE: ‘Risk-off’ in a sloppy Asian opening to start the week […]

Investors Admit Stocks Are The Most Overvalued Since 2000, Rush To Buy Them Anyway

There is something ironic in the latest monthly Fund Manager Survey from Bank of America. On one hand, a net of 34% of survey respondents said equities now the most overvalued in the past 17 years, in other words either fund managers were still in middle school when it happened and don’t recall the 2000 […]

Oh Sheet, It’s A REIT (The Coming Crisis)

By Chris at www.CapitalistExploits.at On Wednesday, we took a gander at global real estate and today I’ve got a follow up to that dealing with REITs. My long term buddy, fellow hedgie and confidant Kuppy, who can be found lurking here, shares his thoughts on the US real estate sector and in particular REITs: Him: I think people are […]

Here Is All You Need To Know To Become A Successful Trader, From JPMorgan

Forget the “deep dive” analysis, forget the charts, forget the DCFs, the comps, the “expert network”, the “information arbitrage” or insider trading. Forget talking to management, analysts, or employees or even having to pretend to manage money on Yahoo Finance Twitter to impress people you will never meet.  Courtesy of JPMorgan, here is all you […]

Kolanovic: We Expect “Near-Term Market Weakness; Suggest Reducing US Equities”

First Goldman, then RBC, and now JPM’s top quant. One month after JPM’s head quant Marko Kolanovic warned that volatility is about to return and could lead to “accidents”, the market timer also called “Gandalf” elsewhere for his prognosticative skills is out with a fresh warning, predicting “market weakness in the near-term” adding that he […]

RBC: “The Fed Is Now Forced To Walk Back The Market’s Incorrect Dovish Interpretation”

First, it was Goldman’s chief economist Jan Hatzius, who in a fascinating note explained why the market has totally misread the Fed’s tightening intentions, claiming the market surge is “not the reaction the Fed wanted”, alleging that the market’s dramatic “easing” response was “not the outcome the FOMC aimed for” and concluding that “at the […]

“Something Snapped”: US Department Store Sales Crash Most On Record

As we first documented last week in “Mega-Bears Smell Blood As Mall REITs Tumble” and as Bloomberg followed up yesterday, looking at CMBS on the Mall REIT space, many have set their sights on mall REITs as the “next big short.” However, an obvious question that has emerged is whether it is too late to […]

“2017 Will Be A Tipping Point” – Why Some Think This Is The Next “Big Short”

One week ago we reported that "Mega-Bears Smell Blood As Mall REITs Tumble" in which we wrote that "just like 10 years ago, when the "big short" was putting on the RMBX trade, and to a smaller extent, its cousin the CMBX, so now too some are starting to short CMBS through the CMBX. They […]