Real Estate Select Sector SPDR Fund (XLRE)

[Talc Moan]

XLRE should keep making new 52 week lows over the coming months with a few pops along the way.

Lots of the companies in here are some favorites like AMT and PLD

EVEN THOSE are getting hit hard and Hurricane Ian headed for Florida is not going to do then any help when they both are heavily invested in Florida.

Some of XLRE is Junk as well. So all in all I do think we see sub $30.00 in mid to early 2023.