Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
BMO real estate analyst Michael Markidis published“It was another tough week for the Canadian listed-property sector. Specifically, the S&P/TSX Capped REIT Index was -2.1%, extending the pull-back from the mid-September peak to -6.4%. The weakness was broad-based; all 16 index constituents finished in the red. NWH materially underperformed, as investors digested Craig Mitchell’s resignation announcement. BEI was a notable outlier at the other end of the spectrum. At 3.
“‘Reflation’ is a likely next scenario — We perform scenario analysis to understand what the likeliest transition out of a recovery cluster would look like for asset prices. Broadly, a ‘reflation’ transition would bring us back into ‘Normal’ or ‘Goldilocks’, both of which are positive environments for risky assets.
“At the moment, the White House seems to be scrambling to prevent Israel from attacking Iran’s oil facilities in response to last week’s missile strikes . Today, the Office of Foreign Asset Control announced that it was sanctioning a number of shipping companies and trading houses involved in the Iran oil trade, including entities in the UAE, Hong Kong, and China .
Reflation Credit Transition Oil Israel Asset Scenario Scott Barlow Gizmodo RBC
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