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The Real Estate REIT Sector Is Still Acting As A Source Of Stock Market Strength

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This is the RWR ETF for REIT stocks and it is still performing as a top sector of the stock market.

It has been doing that since July.

REIT’s are real estate investment trusts that typically pay dividends off of the revenue they collect from rental income.

The sector tends to do well when the Federal Reserve lowers interest rates.

I got a stock I am watching for you at the end of this email.

First, I need to tell you that I am going to slow down on the number of emails I’m sending you every week for the next few months, to just one or two a week for the time being.

Not a whole lot is happening in the markets right now day-to-day and I’m not day trading, holding my positions.

We know what is going to happen this month - the Federal Reserve is going to lower interest rates by a quarter a point, markets will gyrate, gold will probably end the month at another all-time high, and the S&P 500 will probably just keep floating upwards for a few more months too.

I don’t think much is going to really happen until after the election and I am running out of things to say every single day without repeating myself.

So, I’m just going to cut back on the number of emails I am writing each week to sorta take advantage of this slow, but ok, stock market time to take a break.

No “AI” was used to write this email or edit it.

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And…..

I talked about DUK as a stock ready to breakout last week and now it looks like it is starting to happen.

All we need is for the stock to close above $114.00.

DUK is a utility stock, and, like REIT’s, utility stocks tend to go up when interest rates are reduced too.

Bitcoin gurus told you that crypto would go up when the dollar goes down, but the dollar has been fading for weeks and Bitcoin has gone down too.

If you are new to all of this, there is more to the markets than crypto gambling and DUK and RWR are just two examples of that.

Quote of the morning, from the WSJ:

“The surging stock market has minted millionaires and helped send many Americans’ net worths sharply higher. As of the second quarter, the number of 401(k) retirement accounts at Fidelity Investments worth at least $1 million reached around 497,000, according to the firm. That is up 31% from a year ago and a record high.”

All Bitcoin has done is make people miss out on the gains in stocks and gold, while gold has been in an up channel, Bitcoin has been trending down.

There is nothing more of a waste of time than to listen to the predictions of Bitcoin gurus.

Investors are focusing more on real world investments in solid stable companies that pay dividends and hard assets than speculative virtual fictional currencies that are not used in the real world as money.

-Mike

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