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April 14, 2023
JBG SMITH's bearish run has lasted 4 days so far (-83 cents). More of the same from yesterday's session: the mixed-use property REIT has recovered almost all of its session losses after dipping down to $13.91 yesterday.
United States Retail Sales is next today at 12:30 UTC.
Data from United States concerning Producer Price Index was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0% to -0.5% this month. Data from United States concerning Initial Jobless Claims was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 228,000 to 239,000 this month.
Amid the market gloom, United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.62 trillion, while the previous figure was 8.63 trillion.
A study of JBG SMITH's historical price actions shows JBG SMITH Properties could begin to recover as it approaches significant support, now 16 cents away from $13.93. Dipping below could be an indication that further losses are ahead.
JBG SMITH was not the only decliner in the real estate sector; ProLogis closed at $121.92 (down 0.72%).
Looking ahead, ongoing depreciation may be prolonged as projections for United States Core Retail Sales are set for a continuation of decline with -0.3% while previous data was -0.1%; data will be released today at 12:30 UTC.
Furthermore, United States Retail Sales is expected today at 12:30 UTC.
The US REIT has shed 28.22% over the past three months.
