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Real estate share dropped from 38 percent to 10 percent before 2021 action, Mike Bird notes

Real estate share dropped from 38 percent to 10 percent before 2021 action, Mike Bird notes
Real estate decline predated 2021 action

The decline in the real estate share from 38% at its peak to around 10% had mostly taken place before the government took substantial action in the sector in 2021.

Mike Bird, a reporter at The Wall Street Journal, described this timing as particularly interesting.

Bird previously noted that creditors received unusually explicit warnings before their investments in Evergrande led to significant losses, as reported in an earlier article. In another recent analysis, he suggested that the S&P 500 could approach a new all-time high this week, according to his coverage of U.S. equities. These observations come amid varied market developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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