Real estate stocks outperform amid lower yields
The S&P 500 is hovering in positive territory with a 0.1% gain. Relative strength today has come within the real estate sector (+0.8%), as demand for Treasuries amid lingering doubt about the coronavirus situation drives yields lower. The 10-yr yield is down four basis points to 1.58%. Marijuana stocks are showing strength today after Canopy Growth (CGC 22.17, +2.67, +13.7%) reported a smaller than expected loss. The sector, though, is still trading near all-time lows.