Property REITs Group Outperforming As Stocks Slide

By | October 15, 2014

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The stock market is sinking, yet the Finance-Property REIT group is quickly moving up in IBD’s ranking of 197 industry groups. In Wednesday’s paper, the group ranked No. 42, up from No. 87 three weeks ago. Since the market outlook shifted into correction mode Oct. 1, the S&P 500 has fallen as much as 9.8%. But the property REIT industry group climbed 7%. For the year, the benchmark S&P index is now up less than 1% compared to a 12.8% gain for the Scalper1 News

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