Fun fact for all of you home gamers out there: hote/motel REITs have outperformed all financials since Trump was elected. In spite of the widening yield curve and move into risk assets, somehow this group of stocks, likely helped by the fact that Trump is a hotel man, lead all — higher by 15%.
Here are the stocks in the industry.
It’s worth noting, the 2/10 yield curve is tightening a little today — but still 130bps. This is the reason why banks are running higher. They’re all so much more profitable at 130bps than at 70bps — which is where they were prior to the election.
Today’s winners are in tech. Although just 56% stocks are higher today, tech is forcing people to behold the greatness of the stock market and to behold the specter of Dow 20,000.
The Amazon black hole continues onward, crushing all shopping mall stores in its path, reducing them into closet space for Jeff Bezos.
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The inner-workings of psychological warfare against a fake stock market:
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The honchos forcing it up? Hate and never thought a piker would race them