May. 13 at 2:51 PM
$RITM The situation is really getting out of control, guys. I'm not talking about RITM , but it does affect RITM.
Yesterday CPI number came higher than expected. Today the PPI number came in higher than expected. The FED is doing 40 billion a month of QE and oil spiking causing an inflationary pressure. Everything within the fixed income universe is going to suffer. RITM is a smart manager, but it doesnt matter. Everyone else is just a REITard in the field which means , all other reits are and will be losing money, get dumped and with it RITM will get dumped too.
I dont see any REIT as a good investment right now. The market is on the cusp, with AI hype starting to fade. And S&P in mega whale max bubble territory. When things unravel we dont want to be buying cheap assets at 10% discount, we want 50% or more! Preserve your cash and be patient.
