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Assuming we're at least near the end of this tightening campaign from the Fed,

history has shown the REITS outperform almost always in the aftermath of such a campaign.

Hello and welcome to the Baron Streetwise Podcast. I'm Jack Howe and the voice you just heard

is Richard Anderson. He heads the US REIT coverage at Wedbush. REIT as in real estate investment trust.

Things that hold property and collect rents and pay it out to shareholders as dividends.

The group has performed poorly this year, but Richard and Wedbush argue that it's due for

a recovery next year. We'll hear the details and we'll look at what to expect from third quarter

earnings reporting season. Listening in is our audio producer meta. Hi meta.

Hi Jack. You know what I mean when I say earnings reporting season right?

Sure. They all just kind of they cluster together. They come flying in these reports. One minute

everybody's talking about macro stuff and geopolitical stuff and the next minute saw company earnings

and the focus shifts. It's a little weird calling this third quarter earnings season because it's

not third quarter results for all of the companies. Some companies have fiscal years. It started

different times. It might start in July and run through June, but it's the reports that we would

like to count towards the third calendar quarter so that we can see how the stock market as a whole

is doing. Does that make sense meta? It does. I know what you're thinking. You're thinking Jack.

Could you explain to me how we can tell that earnings reporting season has started? Could you

walk us through the history of it and you know maybe some overly long details with not such a great

payoff? You got it coming right up. It used to be that earnings season would start off with

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