$REK Volume & Upside Potential
As the economic outlook degrades in the face of persistent and widespread inflation and GDP projection revision for Q1 was worse than expected, real estate will take a hit. Currently seeing record prices while the beginning of rate hikes and slowing sales appears.
A short opportunity exists and is currently reflected in a massive volume uptick in anticipation of a significant market correction appears imminent in the Dow Jones Real Estate Index.
Near-term ~20% to 25% price target with a substantive longer-term potential quite a bit higher if the macroenvironment doesn't turn around and the economic headwinds don't soften.
This is an inverse short play, so market retraction provides impetus to long REK.
A short opportunity exists and is currently reflected in a massive volume uptick in anticipation of a significant market correction appears imminent in the Dow Jones Real Estate Index.
Near-term ~20% to 25% price target with a substantive longer-term potential quite a bit higher if the macroenvironment doesn't turn around and the economic headwinds don't soften.
This is an inverse short play, so market retraction provides impetus to long REK.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.