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Bear Market Rally or Finale?

MRKT Matrix

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REITs Aren't as Bold as They Used to Be and You Know What I'm Saying

There's no reason to be long look at a longer term and this says it all. swipe data in the 10 biggest cities in the United States is running at 50 percent of pre-COVID levels I mean that's not good anyway This is a sub-industry group in the S&P office REITs that's down into the right. The XLF crashed from you know 200 almost to I don't know 110 or something like that last year but now we've cascaded lower so sometimes it takes the market a while to figure things are not as rosy as they appear.

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