Big moves for several UK REITs today assume can only be due to sentiment around rate rises coming (possibly…) to near a peak soon. Feel now many are trading close to new NAV levels as they get revalued down and share prices rebound partially. Many now look to be 5-10% below NAV as opposed to 30-40% we saw at peaks in NAV and troughs in pps.
Could easily see a broad market pullback though if economy goes badly but we will see.
Speaking of crash, anyone looking at adidas as a good entry? Thinking of opening a small position and gradually drip feed if it goes lower. However for all the risk am taking to be rewarded with dividend tax is discouraging.
You can have a bear market or crash because of a recession or valuation being to high. It appears to be a given we are going to have a recession. Below you can see the actual valuations. Put a recession and overvaluation together and crash would not be unexpected.
A recession with low or reasonable valuation shouldn’t be anything serious. At least that’s the theory