US equities (^GSPC, ^DJI, ^IXIC) continue to show strength as Wall Street’s bullishness grows. RBC Wealth Management Vice President and investment advisor Nora Yousif joins Wealth! to share insight with investors about where they should consider placing their money in the industry right now.
Yousif points out, “Perhaps less obvious [are] REITs: they’re experiencing an inverse relationship with finance charge rates. They took a beating in 2022 as rates were janked up to combat inflation, which peaked over 9% in June of 2022. It was down most of last year and only flipped up positive about 10% at the very end of last year on the idea of the Fed starting to lower rates. And when that didn’t happen this year, it’s back down and still on sale from its all-time high. So remember, the key to being a good investor is being a contrarian and seeking out what’s out of favor.”
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