What goes up comes down, and what comes down goes up. Thus we have witnessed things during this intriguing week. REIT stocks, which had been on track for a gradual comeback, have yet again done poorly, with a median drop of 2.5 percent for the 175 stocks we follow. The past week, REIT stocks had performed positively - up 1 percent. The selloff was widespread as the S&P 500 dropped almost 6 percent without specifically targeting the REIT sector. Buying time?
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.