Securitized real estate shares dominated last week’s performance rankings at the extremes for the major asset classes, based on a set of exchange-traded products. US real estate investment trusts (REITs) posted the highest return for the week through August 3 while foreign REITs/real estate suffered the biggest loss.
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Trump says his son met Russian for political dirt on Clinton: BBC
Tax cuts drive surge in profits at big US firms: WSJ
JPMorgan Chase’s Dimon: “be prepared” for 5% yield on 10yr Treasury: Bloomberg
Turkish lira at record low after US says it’s reviewing trade with Turkey: Reuters
PMI: Global economic growth dips to 4-month low in July: IHS Markit
US trade deficit widened in June for first time in 4 months: Bloomberg
US Services PMI reflects strong growth in July: IHS Markit
ISM Non-Mfg Index fell to 11-month low in July: MarketWatch
Nonfarm payrolls up by less-than-expected 157,000 in July: CNBC
US economy added jobs for 94th month as wage growth remains muted: WaPo
Bankruptcy rate among older Americans up sharply since 1991: NY Times