Newton’s Laws of Motion define action in the physical world. The third law states that for every action there is an equal and opposite reaction. Because we are believers in science, we tend to apply these principles to arenas beyond the physical world. Economics and finance, for example.

A Glimpse at the Future? Earlier this month, a report of a cooling jobs market, closely followed by a CPI report that consumer prices declined in June, provided more than enough fuel to reignite speculation the Fed would soon begin cutting interest rates. The fever...

Back in 2018, 2nd Market Capital attached to the phrase, “REITs Touch Every Economic Sector”. Marketing slogans often quickly go musty, and dusty, and lose their significance, but based on how world economies are evolving, this statement is more accurate than ever....

Patient Money

Strong economic news from March dashed hopes of a June rate cut and in response, the MSCI REIT Index declined more than 7% in April. Moderating CPI and jobs data earlier this month caused REIT prices to rebound significantly in May, but we want to emphasize that our investments are not motivated simply by the vicissitudes of interest rates or other macroeconomic metrics.

Two Sides to the Same Story

An inordinate amount of focus has been placed on which way the wind blows in relation to when the Fed will begin cutting interest rates.