Commercial real estate about to crater
DRV tracks the inverse of commercial REITs. Ever since the pandemic began several companies have instituted work from home policies.
A large majority of companies will either default or give up on their leases. On the other side hotels & malls are not seeing much traffic either.
All this points to a drastic drop in returns for REITs.
Technicals:
Daily RSI has had higher lows.
Volume is picking up.
MACD turned green and is heading to bullish territory
The price is trying to break a resistance level.
Note: This is not financial advise. Please do your own research.
A large majority of companies will either default or give up on their leases. On the other side hotels & malls are not seeing much traffic either.
All this points to a drastic drop in returns for REITs.
Technicals:
Daily RSI has had higher lows.
Volume is picking up.
MACD turned green and is heading to bullish territory
The price is trying to break a resistance level.
Note: This is not financial advise. Please do your own research.
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