High office vacancy rates are tells that employment Seasonal numbers are to be taken lightly... https://www.bloomberg.com/news/articles/2024-04-02/office-vacancy-rate-nears-20-to-set-fresh-record-moody-s-says Fannie Mae has been bundling their delinquent loans sold off... Which doesn't spread out those deals as 35% or so of face value to individual investors who Might offer lower rents... Stock market can only be run up easy like now when the retail investors are waiting for sale prices again... Watch for brokers sending out offers to try and draw in money for the big institutional owners to sell to... So we watch...LJ