The Federal Reserve reduced its balance sheet by $15.7 billion, $17.9 billion was treasuries.
This reduction leaves $36 billion to be reduced in July out of a planned total of $40 billion.
The correlation between the Fed balance sheet and the S&P 500 has broken down since May. If the correlation resumes, the S&P 500 Index is 5 percent overvalued.
Keppel DC REIT Distributions Drop 13.7% and More Asia Real Estate Headlines
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The challenges of what was once Asia’s hottest listed trust lead today’s
roundup of real estate headlines, with Keppel DC REIT announcing a dip in
distri...
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