As we’ve mentioned previously the “yield play” stocks have struggled in 2021, high flying property group GMG is down -4.2% so far this year, not a dramatic move but against the positive market trend. However as the speed of ascent by bond yields has slowed the stock has found its strength, In line with our view that bond yields consolidate GMG should have the momentum to retest its all-time highs.
MM is bullish GMG looking for a retest of $20.
Add To Hit List
