When market leaders stumble

The selloff in REIT market may prove short-lived

In the 20th century, power revolved around oil, steel and finance. In the 21st, it revolves around compute, certain design tools and semiconductors. For investors, this is both an opportunity and a warning. The rewards of scale, scarcity and sovereignty could be immense. But the risks are equally real.

Investors may be rotating into late-cycle industrial stocks.