President-elect Donald J. Trump’s decision to pick Steven Mnuchin, a former Goldman Sachs partner, as the next Treasury Secretary is driving hopes on Wall Street that government sponsored mortgage giants Fannie Mae and Freddie Mac will be privatized in the new administration. “We’ve got to get them out of government control,” Mnuchin told Fox Business News on Wednesday morning....more>>>
Often times, you can’t know where you are going unless you know where you have been and how you got to where you are.
REITs have been traveling a difficult road over the last few months, testing the patience and conviction of many investors. As a result, we thought it might be helpful to look at where we have been and how we believe we have gotten to this point.
November 11, 2016: Markets opened lower Friday and did not move much from the breakeven line for most of the day. Friday’s best performing sectors were real estate and consumer discretionary stocks, with energy and materials the worst performers. WTI crude oil for December delivery settled at $43.41 a barrel, down 2.8% for the day and down 1.5% for the week. December gold dropped 3.3% on the....more>>>