When Thinking REITs, Think Chatham Lodging

For most of 2017 I have articulated that the huge post-election runs for both the infrastructure stocks and the financials seemed more than overdone. I simply did not believe the tax and regulatory reform efforts the market was banking on were going to easy or quick, and that prognosis was before the effort to repeal the Affordable Care Act died in the House, at least temporarily. I still don't see a significant boost in government infrastructure spending until 2019 given that effort will come after regulatory reform initiatives. Any increase in spending also will be delayed by local, state and federal environmental reviews and permits for many projects.

Finally, I do not see a substantial rise in interest rates, which would bolster banks' net interest margins and bottom lines. I thought and still think that the best the banks can hope for is a small, gradual rise in interest rates in 2017....404 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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