Buy The Dip: 2 REITs Getting Way Too Cheap
z1bREITs (VNQ) rallied strongly in late 2023 when the Fed indicated that we would have at least 3 interest rate cuts in 2024: Data by YChartsBut since then, REITs have dipped back to lower levels, and in some cases, the dip has been quite significant: Data by YChartsI believe that this is an opportunity because the expectations for lower interest rates haven't changed. In fact, the FedWatch tool now pricing a 99.6% chance of at least one rate cut by June: FedWatchTherefore, the dip didn't occur because ...