IYR iShares U.S. Real Estate ETF : Bullish and Bearish Analyst Opinions

Q4 GDP came in at 1.4% (vs. 3.0% expected) while core PCE was high at 3.0%, indicating stagflationary pressure. This macroeconomic combination is particularly negative for rate-sensitive sectors like REITs, which are being ignored by a market distracted by Nvidia's earnings. The author implies that rate-sensitive assets like REITs are vulnerable to a correction once the market focus shifts from NVDA back to the weak macro environment. The Federal Reserve could signal a dovish pivot despite the data, or inflation could cool faster than expected, causing a rally in rate-sensitive sectors.