REITs Have Gone Undefeated in July Since 2008, Outpacing Nasdaq
Real estate investment trusts have posted gains every July since 2008, quietly outperforming even the tech-heavy Nasdaq-100 in summer trading.
Real estate investment trusts have quietly built a perfect July record since 2008, making them one of the most reliable seasonal trades on Wall Street — and one that even outshines the widely celebrated summer rally in the Nasdaq-100, according to MarketWatch.
The Nasdaq-100 has earned a strong reputation for July gains, drawing attention from momentum traders and growth investors who count on tech stocks to lead summer markets. But the data shows REITs have been even more consistent, going undefeated across more than 15 consecutive Julys — a streak that spans financial crises, pandemics, rate hike cycles, and market dislocations that crushed other asset classes.
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The durability of that record is particularly striking given the headwinds REITs have faced in recent years. Rising interest rates typically pressure real estate investment trusts because they compete with bonds for yield-seeking capital and carry significant debt loads. Despite that structural vulnerability, the sector has continued to deliver positive July returns without interruption, suggesting seasonal demand or institutional rebalancing may be providing consistent tailwinds at this time of year.
For bulls looking for a high-conviction positioning idea heading into the month, the REIT sector's unbroken streak offers a historically grounded — if not guaranteed — signal. Investors weighing seasonal patterns against current macroeconomic conditions may find the data compelling, even as past performance carries no promise of future results.
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