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    Property Tax Rally held at Montana State Capitol

    Property Tax Rally held at Montana State Capitol

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Property Forum Awards 2023 – Shortlist announced

    Property Forum Awards 2023 – Shortlist announced

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    Irwin Mitchell adds Keith Davidson to ESG practice | News

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    Mitiska REIM raises €168 million | Property Forum

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    Cavalry Barracks developer goes into administration | News

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    Warehouse supply in Poland hits all-time high | Property Forum

    Warehouse supply in Poland hits all-time high | Property Forum

    Back at peak levels: House prices rebound after a rapid decline

    Back at peak levels: House prices rebound after a rapid decline

  • Retail
    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

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    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

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    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

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    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

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    Vukile targets growth in rural retail

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    Why tackling 2 massive redevelopment projects in Muskegon makes perfect sense to Jon Rooks

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    DFS Opening the First World-Class, Seven-Star Luxury Retail and Entertainment Destination DFS Yalong Bay in Sanya, Hainan, China by 2026

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    3 Stocks Whose Dividends Look Safe Right Now

    3 Stocks Whose Dividends Look Safe Right Now

  • Residential
    Construction to renovate Archer School into affordable housing ramps up

    Construction to renovate Archer School into affordable housing ramps up

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    Annexation for south entrance property before Whitefish Council

    Annexation for south entrance property before Whitefish Council

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Affordable Housing Planned For Boston’s Seaport

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    New York trial to set Trump damages after judge finds real estate fraud

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    Invest in Your Future – Scotsman Guide

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    8 SF properties could become next office-to-housing conversions

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  • Office
    Apartments, retail and more proposed for old Cooper Stadium property

    Apartments, retail and more proposed for old Cooper Stadium property

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

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    US office prices headed for ‘severe crash,’ investors say

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    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    Taking a closer look | News, Sports, Jobs

    Taking a closer look | News, Sports, Jobs

    Severe crash coming for US office properties, investors say

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    What $250M Brickell Office Sale Means

    What $250M Brickell Office Sale Means

    Dubai property: Office rents, occupancy levels to go up in near term – News

    Dubai property: Office rents, occupancy levels to go up in near term – News

    DA’s office investigating Michael Baxter & Associates

    DA’s office investigating Michael Baxter & Associates

  • Industrial
    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    2024 Pre-Roll Consultation Period is Underway

    2024 Pre-Roll Consultation Period is Underway

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Australian Property Journal’s sales and leasing transactions wrap

    Australian Property Journal’s sales and leasing transactions wrap

    Industrial Tenants Flee Sydney High Rents, Space Shortages

    Industrial Tenants Flee Sydney High Rents, Space Shortages

    Public hearings Monday on Clarkesville budget, millage rate

    Public hearings Monday on Clarkesville budget, millage rate

    $1.2b commercial, industrial, retail sales in year’s first half: CBRE overview

    $1.2b commercial, industrial, retail sales in year’s first half: CBRE overview

    Restaurant Real Estate: October 2023

    Restaurant Real Estate: October 2023

    Commissioners to consider development plan for land near Taylorsville

    Commissioners to consider development plan for land near Taylorsville

  • Hotel
    Council hears more on Oasis sports complex

    Council hears more on Oasis sports complex

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    Paving the Way for Sustainable African Development

    Paving the Way for Sustainable African Development

    England’s Slow-Motion Debt Crisis Rolls Into View

    England’s Slow-Motion Debt Crisis Rolls Into View

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

    Bexhill and Hastings among towns set to receive £20 million of long term investment

    Bexhill and Hastings among towns set to receive £20 million of long term investment

    Sunrise host Edwina Bartholomew reveals her little-known side hustle with her husband Neil Varcoe

    Sunrise host Edwina Bartholomew reveals her little-known side hustle with her husband Neil Varcoe

    Chameleone, Bebe Cool too old for music battles, opines Tuff B

    Chameleone, Bebe Cool too old for music battles, opines Tuff B

  • Buying a Home
    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    How buying a new home can save you capital gains tax on shares, MF

    How buying a new home can save you capital gains tax on shares, MF

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    How to buy a video doorbell

    How to buy a video doorbell

    Patrick Kielty and Cat Deeley buy £5 million home in London next to Harry Styles

    Patrick Kielty and Cat Deeley buy £5 million home in London next to Harry Styles

    Most expensive villages to buy a home in Suffolk revealed

    Most expensive villages to buy a home in Suffolk revealed

    31 Mistakes First-Time Homeowners Will Never Repeat – BuzzFeed

    31 Mistakes First-Time Homeowners Will Never Repeat – BuzzFeed

    Nan ‘couldn’t walk for a week’ after buying product from Home Bargains

    Nan ‘couldn’t walk for a week’ after buying product from Home Bargains

  • Selling a Home
    You can buy an 8x18ft tiny home on the beach for only $45,500

    You can buy an 8x18ft tiny home on the beach for only $45,500

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandmother scammed out of $750,000

    Grandmother scammed out of $750,000

    Home battery owners earned up to £26 in trial for selling power to the grid

    Home battery owners earned up to £26 in trial for selling power to the grid

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    Liam McCallum family sell up home and take memories of their miracle boy with them

    Liam McCallum family sell up home and take memories of their miracle boy with them

    Texas couple arrested for selling exotic cubs and violating the Big Cat Act, authorities say

    Texas couple arrested for selling exotic cubs and violating the Big Cat Act, authorities say

    Land Bank board members need to show up and do their job

    Land Bank board members need to show up and do their job

    Zoopla is selling an extravagant home in Watford for £650k

    Zoopla is selling an extravagant home in Watford for £650k

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  • Home
  • News
    Property Tax Rally held at Montana State Capitol

    Property Tax Rally held at Montana State Capitol

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Property Forum Awards 2023 – Shortlist announced

    Property Forum Awards 2023 – Shortlist announced

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Mitiska REIM raises €168 million | Property Forum

    Mitiska REIM raises €168 million | Property Forum

    Cavalry Barracks developer goes into administration | News

    Cavalry Barracks developer goes into administration | News

    Warehouse supply in Poland hits all-time high | Property Forum

    Warehouse supply in Poland hits all-time high | Property Forum

    Back at peak levels: House prices rebound after a rapid decline

    Back at peak levels: House prices rebound after a rapid decline

  • Retail
    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    BPF calls for empty rates relief extension | Features and analysis

    BPF calls for empty rates relief extension | Features and analysis

    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

    Vukile targets growth in rural retail

    Vukile targets growth in rural retail

    Why tackling 2 massive redevelopment projects in Muskegon makes perfect sense to Jon Rooks

    Why tackling 2 massive redevelopment projects in Muskegon makes perfect sense to Jon Rooks

    DFS Opening the First World-Class, Seven-Star Luxury Retail and Entertainment Destination DFS Yalong Bay in Sanya, Hainan, China by 2026

    DFS Opening the First World-Class, Seven-Star Luxury Retail and Entertainment Destination DFS Yalong Bay in Sanya, Hainan, China by 2026

    3 Stocks Whose Dividends Look Safe Right Now

    3 Stocks Whose Dividends Look Safe Right Now

  • Residential
    Construction to renovate Archer School into affordable housing ramps up

    Construction to renovate Archer School into affordable housing ramps up

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    Annexation for south entrance property before Whitefish Council

    Annexation for south entrance property before Whitefish Council

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Affordable Housing Planned For Boston’s Seaport

    Affordable Housing Planned For Boston’s Seaport

    New York trial to set Trump damages after judge finds real estate fraud

    New York trial to set Trump damages after judge finds real estate fraud

    Invest in Your Future – Scotsman Guide

    Invest in Your Future – Scotsman Guide

    8 SF properties could become next office-to-housing conversions

    8 SF properties could become next office-to-housing conversions

  • Office
    Apartments, retail and more proposed for old Cooper Stadium property

    Apartments, retail and more proposed for old Cooper Stadium property

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    US office prices headed for ‘severe crash,’ investors say

    US office prices headed for ‘severe crash,’ investors say

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    Taking a closer look | News, Sports, Jobs

    Taking a closer look | News, Sports, Jobs

    Severe crash coming for US office properties, investors say

    Severe crash coming for US office properties, investors say

    What $250M Brickell Office Sale Means

    What $250M Brickell Office Sale Means

    Dubai property: Office rents, occupancy levels to go up in near term – News

    Dubai property: Office rents, occupancy levels to go up in near term – News

    DA’s office investigating Michael Baxter & Associates

    DA’s office investigating Michael Baxter & Associates

  • Industrial
    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

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    2024 Pre-Roll Consultation Period is Underway

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    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

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    Australian Property Journal’s sales and leasing transactions wrap

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    Industrial Tenants Flee Sydney High Rents, Space Shortages

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    Public hearings Monday on Clarkesville budget, millage rate

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    $1.2b commercial, industrial, retail sales in year’s first half: CBRE overview

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    Restaurant Real Estate: October 2023

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    Commissioners to consider development plan for land near Taylorsville

  • Hotel
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    Council hears more on Oasis sports complex

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    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

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    Paving the Way for Sustainable African Development

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    England’s Slow-Motion Debt Crisis Rolls Into View

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

    Bexhill and Hastings among towns set to receive £20 million of long term investment

    Bexhill and Hastings among towns set to receive £20 million of long term investment

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    Sunrise host Edwina Bartholomew reveals her little-known side hustle with her husband Neil Varcoe

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    Chameleone, Bebe Cool too old for music battles, opines Tuff B

  • Buying a Home
    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    How buying a new home can save you capital gains tax on shares, MF

    How buying a new home can save you capital gains tax on shares, MF

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    How to buy a video doorbell

    How to buy a video doorbell

    Patrick Kielty and Cat Deeley buy £5 million home in London next to Harry Styles

    Patrick Kielty and Cat Deeley buy £5 million home in London next to Harry Styles

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    Most expensive villages to buy a home in Suffolk revealed

    31 Mistakes First-Time Homeowners Will Never Repeat – BuzzFeed

    31 Mistakes First-Time Homeowners Will Never Repeat – BuzzFeed

    Nan ‘couldn’t walk for a week’ after buying product from Home Bargains

    Nan ‘couldn’t walk for a week’ after buying product from Home Bargains

  • Selling a Home
    You can buy an 8x18ft tiny home on the beach for only $45,500

    You can buy an 8x18ft tiny home on the beach for only $45,500

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandmother scammed out of $750,000

    Grandmother scammed out of $750,000

    Home battery owners earned up to £26 in trial for selling power to the grid

    Home battery owners earned up to £26 in trial for selling power to the grid

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    Liam McCallum family sell up home and take memories of their miracle boy with them

    Liam McCallum family sell up home and take memories of their miracle boy with them

    Texas couple arrested for selling exotic cubs and violating the Big Cat Act, authorities say

    Texas couple arrested for selling exotic cubs and violating the Big Cat Act, authorities say

    Land Bank board members need to show up and do their job

    Land Bank board members need to show up and do their job

    Zoopla is selling an extravagant home in Watford for £650k

    Zoopla is selling an extravagant home in Watford for £650k

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Quarter-end buying may lift stocks higher before the next market storm

PrR by PrR
2022-06-24
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Quarter-end buying may lift stocks higher before the next market storm
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Trader on the floor of the NYSE, June 7, 2022.

Source: NYSE

The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility.

But in the very near term, strategists see a window of positive momentum for an oversold market and say the end of the quarter could be a time for some quick gains. That period, leading up to the final trading day of the month, is when many portfolio managers shift their investments, or rebalance, to make up for the changes in the values of their stock and bond holdings.

JPMorgan’s Marko Kolanovic, for one, sees a case in which stocks could surge 7% in the week ahead, based on rebalancing alone. With the S&P 500 down more than 14% for the second quarter and 18.6% for the year so far, investment managers will have to boost stock holdings to regain asset allocation levels.

“Next week’s rebalance is important since equity markets were down significantly over the past month, quarter and six-month time period,” wrote Kolanovic, the firm’s chief global markets strategist.

Recent rebalances have been positive for stocks, and that could mean this one will be as well, he noted. For instance, at the end of the first quarter, the market was down about 10%, and there was a significant 7% rally in the final week of the quarter. The same type of move also happened in the smaller May month-end rebalancing, when stocks rallied about 7% going into the final week.

“It is happening in a period of low liquidity. On top of that, the market is in an oversold condition, cash balances are at record levels, and recent market shorting activity reached levels not seen since 2008,” Kolanovic added.

But after a rally, some strategists are already look ahead to a choppy third quarter.

“Historically, the third quarter, along with the second quarter, are the worst quarters of the 16 quarter presidential cycle,” said Sam Stovall, chief investment strategist at CFRA. “Once the uncertainty associated with mid-term elections has run its course, or once the third quarter has run its course, the fourth quarter as well as the next two quarters are the best of the 16-quarter presidential cycle.”

According to CFRA, the S&P 500 fell an average 0.5% in the third quarter in the second year of a presidential term, after an average 1.9% decline in the second quarter. In the data, going back to World War II, there was an average bounce back of 6.4% in the fourth quarter.

The mid-term elections are in November, and many political strategists expect a shift in power toward the Republicans in Congress.

Stovall said for now, the market could trade higher into the start of the earnings season. “If history repeats itself, from a timing perspective, we get a tradeable bounce now,” he said. But he added that could be followed by a washout later in the quarter, and that could ultimately bring capitulation.

If the second quarter ends near its current level, it would be the worst first half for stocks since 1970. But according to Stovall, a bad first half doesn’t necessarily mean a bad year.

“Of the [previous] five worst since 1929, all five were higher in the second half and gained an average of 23.7%…Of the next five, four of the five are down and the average is a decline of 7.8%,” said Stovall.

Market on holiday

The week ahead of the long Fourth of July weekend looks to be fairly quiet, though there are some key economic reports. Corporations may also disclose some guidance on earnings, particularly if they expect to miss expectations in the coming reporting season.

On the economic front, most important could be Thursday’s personal consumption expenditures data which includes the PCE deflator inflation reading, which is closely watched by the Federal Reserve.

The durable good report is due out Monday. Consumer confidence and S&P/Case-Shiller home price data will be released Tuesday, and ISM Manufacturing Friday.

“My guess is the market is trying to rally right now with bond yields coming down, and equities putting in a few decent sessions,” said Jimmy Chang, chief investment officer at Rockefeller Global Family Office. “It could probably rally into the July 4th holiday, and the real show starts with the earnings season.”

Major banks begin reporting earnings July 14 and 15.

“By the second week of July, we will see what the tone will be with the earnings, and I would expect a much choppier market given my expectations that some of these companies will take down guidance,” said Chang. He said what’s unclear is how much of the anticipated negative news is already priced in, given the market’s already sharp decline.

“Guidance is crucial,” said Quincy Krosby, LPL Financial chief equity strategist. “What the market is trying to decide is whether or not we are headed into a recession and what kind of recession…The corporations in their guidance at this crucial stage are going to tell us whether or not the market is poised for a deeper sell-off.”

Stocks were higher Friday, and bond yields were also recovering from a steep drop off after the prior week’s sharp run up. The benchmark 10-year Treasury yield topped 3.48% on June 14, slid to 3% by Thursday. It was back at 3.11% on Friday. Bond yields move opposite prices.

A big source of angst for investors is whether inflation will continue to flare and drive aggressive Fed rate hikes, leading to a possible recession. The bond market this past week was reflecting some of that fear, after the Fed raised rates by 0.75 percentage point in the prior week and looks set to boost the federal funds rate by a similar magnitude in July.

“It’s a narrative in overdrive. You go from inflation fears, and a 75 basis point hike… to only realize the more the Fed hikes, eventually they’re going to tip us into recession. All this in a matter of a week,” said George Goncalves, head of U.S. macro strategy at MUFG.

Week ahead calendar

Monday

Earnings: Nike, Trip.com

8:30 a.m. Durable goods

10:00 a.m. Pending home sales

Tuesday

Earnings: AeroVironment

8:30 a.m. Advance economic indicators

9:00 a.m. S&P/Case-Shiller home prices

9:00 a.m. FHFA home prices

10:00 a.m. Consumer confidence

Wednesday

Earnings: Bed Bath & Beyond, General Mills, McCormick, Paychex, MillerKnoll

8:30 a.m. Q1 Real GDP (third reading)

9:00 a.m. Fed Chairman Jerome Powell at European Central Bank forum

11:30 a.m. Cleveland Fed President Loretta Mester

1:05 p.m. St. Louis Fed President James Bullard

Thursday

Earnings: Micron, Walgreen Boots Alliance, Constellation Brands, Accolade

8:30 a.m. Initial claims

8:30 a.m. Personal income/spending

9:45 a.m. Chicago PMI

Friday

Vehicle sales

9:45 a.m. S&P Global Manufacturing PMI

10:00 a.m. ISM manufacturing

10:00 a.m. Construction spending

2:00 p.m. Bond market closes early for July 4 holiday



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