DRV (06/23/2020)- Updates
FA
-FED has been started to reduce its balance sheet since June 10th
www.federalreserve.g...bst_recenttrends.htm
This translates to less mortgage-backed securities owned by FED => lower stock price on certain commercial/reit companies.
-To understand further about FED's QE, here is the information.
www.visualcapitalist...r-exponential-curve/
-However, there is no guarantee that the FED won't repurchase those assets as Rioting caused damage for commercial rental properties across the country. Some may be fixed by insurance.
www.marketwatch.com/...minnesota-2020-06-04
-Upcoming stimulus bills might help businesses more than people (imo).
-People started to go shopping despite Covid-19 concerns
www.washingtonpost.c...-reopen-coronavirus/
TA
-DRV might retest $17 price in the upcoming days.
-DRV is trading above EMA: bullish
-Squeeze, RSI: bearish
-Target price this week $16.5
Bottom line: DRV is still a risky bet.
Good luck and thank you.
-FED has been started to reduce its balance sheet since June 10th
www.federalreserve.g...bst_recenttrends.htm
This translates to less mortgage-backed securities owned by FED => lower stock price on certain commercial/reit companies.
-To understand further about FED's QE, here is the information.
www.visualcapitalist...r-exponential-curve/
-However, there is no guarantee that the FED won't repurchase those assets as Rioting caused damage for commercial rental properties across the country. Some may be fixed by insurance.
www.marketwatch.com/...minnesota-2020-06-04
-Upcoming stimulus bills might help businesses more than people (imo).
-People started to go shopping despite Covid-19 concerns
www.washingtonpost.c...-reopen-coronavirus/
TA
-DRV might retest $17 price in the upcoming days.
-DRV is trading above EMA: bullish
-Squeeze, RSI: bearish
-Target price this week $16.5
Bottom line: DRV is still a risky bet.
Good luck and thank you.