REITs vs Banks

This is my favorite chart from Friday’s links:

Source: Bonds Could Be The Catalyst To Take Stocks Much Higher

While REITs have held up pretty well recently, the 10y yield recently broke out of the triangle pictured above and is now above 3%.

Will this be a game changer for REITs? I have no idea, but the 10y yield is definitely an important indicator to watch.

 

Disclosure: We have no positions in KRE or IYR. We are long VNQ.