November was an excellent month for the U.S. stock market. The S&P 500 gained 9.1% in the month, compared to losing 5% over the previous two months. I was especially pleased to see the real estate sector (read: REITs) near the top of the sector performance chart.
And more is coming. Let me show you…
The real estate sector had the second-highest return for the month, just 0.32% less than the technology sector. Here are the returns for November for the Select Sector SPDR ETFs:
Real estate stocks continued to decline, with the Real Estate Select Sector SPDR (XLRE) bottoming out in late October. REIT investors especially welcomed the November REIT rally.
However, the higher quality REITs I recommend in my newsletter services started to recover in early October. Here are a couple of examples.
Since early October, Alexandria Real Estate Equities (ARE) has been up over 20%, with about half that gain coming in November.
Over the same period, Simon Property Group (SPG) gained more than…
Continue reading at INVESTORSALLEY.com