In my opinion, rate cuts have already been priced out by the market and that is why the S-REITs rally falthered. In reality, the headroom to hike is limited and is unlike the previous cycle which had began from zero. I would not trim my positions, but would add more for those I have conviction when they go back on deep discounts again.

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☕️ [Task Coins Giveaway] Daily Market Talk — Iran Shuts Hormuz, Dow Drops 953

Iran shut the Strait of Hormuz, the Dow fell 953, Oracle beat but crashed 7% on capex, and SpaceX prices its $1.8T IPO tonight.

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