FA
-FED has been started to reduce its balance sheet since June 10th
federalreserve.gov/monetarypolicy/bst_recenttrends.htm
This translates to less mortgage-backed securities owned by FED => lower stock price on certain commercial/reit companies.
-To understand further about FED's QE, here is the information.
visualcapitalist.com/the-feds-balance-sheet-the-other-exponential-curve/
-However, there is no guarantee that the FED won't repurchase those assets as Rioting caused damage for commercial rental properties across the country. Some may be fixed by insurance.
marketwatch.com/story/the-insurance-bill-for-damage-and-looting-during-protests-over-george-floyds-death-will-be-at-least-25-million-and-thats-just-in-minnesota-2020-06-04
-Upcoming stimulus bills might help businesses more than people (imo).
-People started to go shopping despite Covid-19 concerns
washingtonpost.com/business/2020/05/01/malls-reopen-coronavirus/
TA
-DRV might retest $17 price in the upcoming days.
-DRV is trading above EMA: bullish
-Squeeze, RSI: bearish
-Target price this week $16.5
Bottom line: DRV is still a risky bet.
Good luck and thank you.
-FED has been started to reduce its balance sheet since June 10th
federalreserve.gov/monetarypolicy/bst_recenttrends.htm
This translates to less mortgage-backed securities owned by FED => lower stock price on certain commercial/reit companies.
-To understand further about FED's QE, here is the information.
visualcapitalist.com/the-feds-balance-sheet-the-other-exponential-curve/
-However, there is no guarantee that the FED won't repurchase those assets as Rioting caused damage for commercial rental properties across the country. Some may be fixed by insurance.
marketwatch.com/story/the-insurance-bill-for-damage-and-looting-during-protests-over-george-floyds-death-will-be-at-least-25-million-and-thats-just-in-minnesota-2020-06-04
-Upcoming stimulus bills might help businesses more than people (imo).
-People started to go shopping despite Covid-19 concerns
washingtonpost.com/business/2020/05/01/malls-reopen-coronavirus/
TA
-DRV might retest $17 price in the upcoming days.
-DRV is trading above EMA: bullish
-Squeeze, RSI: bearish
-Target price this week $16.5
Bottom line: DRV is still a risky bet.
Good luck and thank you.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.