Preparation for the interest rate cut 🏘️💸
ADCAgree RealtyUS0084921008ADCADC
ADC
Agree Realty
US0084921008
ADC
ADC
1Settimana·
US Labor Data - Let the rate cuts begin!
In August, the US economy added 142,000 jobs
(below the expected 165,000), but unemployment fell to 4.2% (from 4.3% in July), signaling resilience. Wage growth rose by 3.8% YoY, up from 3.6%, hinting at inflationary pressures.
$O (-2,72%)
$WPC (-0,79%)
$VICI (-1,81%)
$ADC (-2,38%)
$NNN (-2,41%)
$PLD (+0,18%)
$TMF
44
4 Commenti
1Settimana
I'm curious to see what else will happen with the courses in September
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6Mes·
⚠️US-PCE inflation report for January 2024:
- The PCE (Personal Consumption Expenditures) Price Index is the Federal Reserve's preferred inflation measure, reflecting changes in consumer spending on goods and services
- Ex. REITs (Real Estate Investment Trusts) from FED
📈 Immediate reaction:
- Equity futures 📈
- US dollar 📉
- Bond yields 📉
✨ Core PCE prices rise:
The Fed's preferred inflation indicator, US Core PCE prices, rose 2.8% Y/Y, in line with expectations and slowing from 2.9% in December. This is the lowest annual reading since March 2021.
📉 Headline PCE inflation:
Increase of 2.4% Y/Y, hits estimates, following a 2.6% rise in December. This is also the lowest level since March 2021.
🔢 Monthly changes:
US PCE prices rose 0.3% M/M, in line with estimates. US Core PCE prices also increased by 0.4% M/M, in line with expectations.
🔑 Main finding:
The slowdown in core PCE inflation is good news for the Federal Reserve.
🚀 However...
...US inflation continues to rise much faster than the Fed's target of 2%.
🧐 Core inflation remains stubborn:
It is likely to remain well above the Fed's target for the foreseeable future. The Fed's fight against inflation is therefore far from over.
💡 Perspective:
Contrary to market expectations of a rate cut in June, I believe a cut is unlikely to come until late Q3 as inflation is taking longer than hoped to return to the Fed's 2% target.
Source:
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Digression:
Headline PCE inflation captures all categories of personal spending by measuring the average price change for all goods and services purchased by consumers for consumption purposes. This comprehensive view makes it an important indicator of overall inflation in the economy.
6Mes·
Today I bought 5 shares of $ADC (-2,38%) - Agree Realty (DCA Tuesday).
One of the highest quality REITs in my opinion. Share prices are hammered due to interest rates, but they seem very capable to keep delivering steady, growing dividends over time.
Currently owning 62 shares of $ADC (-2,38%) - I need 6 more to clinch my target of receiving $200 / year in dividends from Agree Realty.
What do you think about this REIT?
2020
47 Commenti
Better balance sheet, better tenants (70% vs 40% investment grade tenants), better runway for growth. But I also think Realty Income is good value at these prices.
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8Mes·
$ADC (-2,38%) Looks promising and like the little but faster-growing brother of $O (-2,72%) which of course I also own. Now got two monthly paying dividends stocks in the portfolio 🙌
Identificatore
ISIN
US0084921008
Ticker primario
ADC