More Than 30 REITs On Today’s New Lows List

REITs, once the popular choice of many, are among the worst looking investments lately for those who go by price. More than 30 hit the list of “new lows” on the New York Stock Exchange today as key benchmark ETFs for the sector dropped down to new 52-week lows.

The group peaked in late December 2021 and it’s been downhill with a few unsuccessful rallies since then. The unloading comes as noted investment manager Bill Ackman says that the economy is slowing faster than expected and as “bond king” Bill Gross says a recession is coming before year’s end.