It’s been rough for investors, with the S&P 500 still in bear market territory.
But if you want to see a nasty chart, take a look at the Vanguard Real Estate Index Fund (NYSE: VNQ).
This is an index exchange-traded fund (ETF) that owns a basket of the largest and best-known real estate investment trusts (REITs). As I write this, it’s down just over 32% in 2022 after topping out on December 27, 2021.
But what’s remarkable is that most of the damage happened in just the past two months. The REIT sector rolled over and died around the middle of August.
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