Washington Prime Group Inc. (fka WPGGQ)

[ClarkKant]

REITS $WPG and others: Since the current administration you could argue has done nothing or very little for the mortgage markets (i.e. borrowers, investors, etc.) since the crisis, everything REIT related has been pushing since the expected announcement of Janet Yellen back to Treasury Secretary under Biden.

REITS are tied to the majority of pensions. If REITS go BK, you have a whole other problem on your hands as they are often viewed as safe harbor investments for retirement funds.

I suspect REITS might cool off a bit short-term (who knows....it's a wacky market again) but I also expect them to push into the new year as the commentary is, Yellen knows what she is doing and will help turn these things around. We will see!

IMO i would not want to be short, even at these low recovery levels. Most REITS are still relatively at/near their 52-week lows or just off of them compared to their January 2020 highs.

My commentary is not investment advice, just solely my opinion!