A Breather is In Order
By: Tim McPartland,
After some really tough days for the markets a breather of sorts is in order today, although the futures market has been soft all night since China announced further softening in their manufacturing, but regardless we move forward.
We did make a tiny purchase of Stag Industrial (ticker:STAG), a solid REIT with a nice current yield of over 7%. Of course we would prefer not to make a purchase of these types of securities when markets are heading lower, but in the end no one knows if markets are heading up or down so we want to stick to quality–STAG is investment rated.