I agree re: office space in huge gateway markets. A lot of retail is permanently impaired and not coming back (hint industrial fullfillment is the winner). Hotel and particular hotels relying on group business will take a long time to recover and many will find distress. Multi-family has taken a 5-10% hit on values and will do fine a year from now with little supply coming for 2022/23. Industrial is on fire; hotter than pre covid. There's a few high quality Multi-family reits that absolutely are on sale right now.Rice and Fries said:
I think office real estate is going to be the hardest hit sector.
Especially in places like SF, NYC, Seattle. But also Houston (energy corridor), Dallas, etc. I work in CRE lending and we are even noticing a deep shift in fundamentals.
My reasoning stands from simply that executives are going to look at it as cost savings measures. The amount of money that can be saved by having even ~60%ish of your work force set up to work from home will be hard to ignore. Businesses aren't going to keep plowing money into expensive office layouts. Am i saying that JPM is going to cut its NYC headquarters? Not at all. But they will absolutely push back office functions to stay at home if possible.
It's going to be a way to cut overhead expenses, redeploy the funds into other avenues and reduce long term cost exposures. This will become more prevalent as Baby boomers continue to retire and companies work to retain people.
LIR RSP715 said:I agree re: office space in huge gateway markets. A lot of retail is permanently impaired and not coming back (hint industrial fullfillment is the winner). Hotel and particular hotels relying on group business will take a long time to recover and many will find distress. Multi-family has taken a 5-10% hit on values and will do fine a year from now with little supply coming for 2022/23. Industrial is on fire; hotter than pre covid. There's a few high quality Multi-family reits that absolutely are on sale right now.Rice and Fries said:
I think office real estate is going to be the hardest hit sector.
Especially in places like SF, NYC, Seattle. But also Houston (energy corridor), Dallas, etc. I work in CRE lending and we are even noticing a deep shift in fundamentals.
My reasoning stands from simply that executives are going to look at it as cost savings measures. The amount of money that can be saved by having even ~60%ish of your work force set up to work from home will be hard to ignore. Businesses aren't going to keep plowing money into expensive office layouts. Am i saying that JPM is going to cut its NYC headquarters? Not at all. But they will absolutely push back office functions to stay at home if possible.
It's going to be a way to cut overhead expenses, redeploy the funds into other avenues and reduce long term cost exposures. This will become more prevalent as Baby boomers continue to retire and companies work to retain people.
Yes, I still think we get some sort of October draw down, don't know when. My strategy right now is the SPXU long shares I'm in from higher up. I would sell those at break even or on a draw down. I think the situation with the president, the election, and the stimulus package are all factors. Right now, at this moment, things seem slightly bullish. Not really a spot to short yet IMO.59 South said:
Yo $30k, you go short at 3400? If you still think we go back down, then why not wait for 3425 with a short leash?
I rarely ever go short or buy puts... I just sell or sell covered calls to raise some cash which I'm considering later this week. Just my style and curious if you still hold your same plan from a couple weeks ago.
oldarmy1 said:
Sticking with them. This looks like typical early selling but certainly no trend break
tamu2009 said:
We holding PINS, SNAP and IMND through this, or is it time to take profits and get out of 10/16 calls?
AgEng06 said:
I'm holding the PINS 10/16 46c, got out of SNAP yesterday when OA mentioned it, and I never made it in on INMD.
Nice volume spike at 10:15krosch11 said:
Hard to see on mobile but looks like QD has some volume this morning
I have decided to manage this in the afternoon. clear uptrend, just wish I had gone Nov on calls instead of October.$30,000 Millionaire said:
come on net. get to $43 so I can roll.
That was Ranger Rocket's rec.topher06 said:
Sold the news on AYX. Was a bagholder in my taxable account, that went slightly green. Bought some in my Roth after someone in this thread reiterated that it had a good future, so that trade turned out well - thanks to whomever said that. Hope the rest of you continuing to hold do well, but glad to be out of that stock after it dropped 40% after beating earnings.
krosch11 said:
Hard to see on mobile but looks like QD has some volume this morning
