Vident Financial Q3 Review: Financial markets were mostly positive and volatile during the third quarter. Pandemic news along with the upcoming election created different versions of the future. The off and on-again fiscal stimulus talks along with the Federal Reserve responses added to the uncertainty.
Real Estate Markets During COVID-19
Since February 2020, Public real estate earnings forecasts have decreased by about the same amount as the rest of the public markets(i.e. S&P500)—but REITs have fallen far more in value than the rest of the market.
Recently, author and former hedge fund manager James Altucher wrote an opinion piece for the New York Post with the title New York City is Dead Forever.
Now that we know it's a better 'scan' of the economy, let's use it to take a look at the patient right now to see his current economic health.