MM bought GMG last week to increase our real estate exposure in anticipation of an eventual decline in bond yields, almost on cue, Jerome Powell has ignited the sector, sending our new purchase to surge +9.5% from its lows – we wish all positions started off this well!
- We are bullish on GMG, initially targeting the $25 area or +15% higher: we hold GMG in our Active Growth Portfolio.
MM remains long and bullish toward GMG
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