Demographic Impacts & Price Action
The very first sentence at the Ventas website, linked here (under ‘portfolio’ statements) may no longer be true.
With ‘official’ data essentially suspect, we won’t know what’s left of the ‘ageing population’ until far in the future.
This winter (what used to be the regular flu season) will/should give some indication of just how much the customer base of Ventas has literally disappeared.
Looks like price action has already decided and is rolling over … even while the overall markets continue to press at or near new highs.
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