I know what you guys are thinking. Financial Horse has gone nuts. REITs are the most overvalued they have been this cycle, and he is writing about what REITs to buy?
And to be fair, I absolutely get that. I think the big, blue chip REITs like those from CapitaLand, Mapletree and Frasers etc are looking really expensive now. I also get that the recent economic data is looking very weak, and that barring drastic measures from global central banks or government, we’ll probably see an economic slowdown in the coming quarters.
So with that in mind, here are 2 ground rules to give some context to this article:
Economic Data is Weak – The recent June PMI data is looking really weak across the globe. In fact, if you trace it back, it looks a lot like the economy may have peaked in Dec 2018 /...