U.S. real estate ETF hits lowest relative level on record
The iShares U.S. Real Estate ETF AMEX:IYR has fallen to its lowest level relative to the SPDR S&P 500 ETF Trust AMEX:SPY on record, according to Creative Planning Chief Market Strategist Charlie Bilello.Bilello said the move has erased "all the relative outperformance" of real estate stocks from th…
The iShares U.S. Real Estate ETF AMEX:IYR has fallen to its lowest level relative to the SPDR S&P 500 ETF Trust AMEX:SPY on record, according to Creative Planning Chief Market Strategist Charlie Bilello.Bilello said the move has erased "all the relative outperformance" of real estate stocks from th…
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