REITs are getting smashed again. See for yourself.
In turn, mortgage related plays are getting hit too.
Add in the homebuilders, which are down more than 1% today, some much worse than that, and you have a legitimate reason to believe this correction is for real.
PHK is down more than 4.5% again today, further solidifying evidence that anything with yield is getting hit. I must admit, this is surprising, especially since TLT is up for the day.
High risk alternative energy plays continue to surge based on speculation that TSLA is doling out a “super charger” contract this week. Names in the mix are BLDP, UQM, ECTY, PLUG and CPST.
For now, SRS and DRV are the inverse plays to own, as these REITs get smashed to pieces.
If you enjoy the content at iBankCoin, please follow us on Twitter
Hmm…. Hypothetically, should I sell appl and buy srs and drv?
I’d keep Apple.
Great analysis Fly
The high yielders are announcing less high yields.
FNMA bitcoin funhouse.
IYR puts for the big money
fly did u get my email?
nope
TSLA does the 100 dollar roll..
fmcc is out of control today
from 5 buck to 1.91 back to almost 4 down to 2.90
How scared must people be to be dumping high yield bond funds just a day or 2 ahead of the monthly dividend?