Investor confidence in President Donald Trump’s promised fiscal stimulus is waning, as evidenced by the stock market experiencing its biggest daily decline in five months this week.
For 109 days since Oct. 11, shareholders have been riding the Trump Bump in anticipation of increased economic growth. But it is losing steam.
Analysts are calling it “Trump Lite.” Expert said the 203-point slip of the Dow Tuesday and continued drop Wednesday may be a sign of investors’ shrinking confidence in the administration’s ability to deliver on promised corporate tax cuts, financial deregulation and increased fiscal stimulus in a timely manner.
The real estate sector was also impacted by Tuesday’s sharp drop, with the following REITs posting the largest percent change on Wednesday.
Biggest Winners
Ventas Real Estate Investment Trust
Ticker: VTR
March 21 Closing Price: $60.77
March 22 Closing Price: $62.45
Change: 2.76%
UMH Properties Inc. Real Estate Trust
Ticker: UMH
March 21 Closing Price: $14.01
March 22 Closing Price: $14.31
Change: 2.14%
DuPont Fabros Technology Real Estate Investment Trust
Ticker: DFT
March 21 Closing Price: $47.68
March 22 Closing Price: $48.62
Change: 1.97%
Biggest Losers
CBL & Associates Properties
Ticker: CBL
March 21 Closing Price: $9.39
March 22 Closing Price: $8.93
Change: -4.9%
CorEnergy Infrastructure Trust Inc.
Ticker: CORR
March 21 Closing Price: $33.36
March 22 Closing Price: $32.36
Change: -3%
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