In a recent analysis, we discussed that Stephen Miran and follow-up appointees are likely to take the Fed Funds rate lower. This of course, has implications on much of the investment universe, but this article will be focused on the individual securities that stand to benefit the most. There are 3 main topics we want to cover: Will cuts to the short end of the interest rate curve impact the long end? Investment dollars pushed out the risk curve Interest expense savings of capital-intensive companies Curve ...

Group 1 - The core viewpoint on mREITs for short-term investors is a Hold due to sensitivity to yield curve dynamics and margin compression amid an uncertain macroeconomic environment [1] - Current challenges include an inverted or flattening yield curve, limited visibility from the Federal Reserve, and risks associated with mortgage-backed securities (MBS) valuations [1] - The analyst emphasizes a long-term perspective on value creation, focusing on macroeconomic trends, corporate earnings, and financial statement analysis to provide actionable investment ideas [1]