I agree that the market risk premium may stay elevated for longer, but by no means is the FED accurate on CPI data or PPI data, the changes are so minute that one can blame data collection error or quantization metrics that error on the side of. 01%. This is market overreaction and I still belive a 10% bump could be possible for the major market indices.
I would love a conversation about more rural activity. COVID changed the dynamic as is recognized by the changes to urban and near-urban markets. There's a lot of land and development out there that's in secondary and tertiary+ markets and the aforementioned risk profile has changed.
I agree that the market risk premium may stay elevated for longer, but by no means is the FED accurate on CPI data or PPI data, the changes are so minute that one can blame data collection error or quantization metrics that error on the side of. 01%. This is market overreaction and I still belive a 10% bump could be possible for the major market indices.
I would love a conversation about more rural activity. COVID changed the dynamic as is recognized by the changes to urban and near-urban markets. There's a lot of land and development out there that's in secondary and tertiary+ markets and the aforementioned risk profile has changed.