Comment / Prologis – 'Water is building behind the dam'

ID 32350665 © Zestmarina | Dreamstime.com

We probably agree that it doesn’t take a financial guru to read the (technical) signs written in the stars…

(Click to expand the chart below.)

… with Prologis (PLD), whether you agree or not that its Q1 25 trading update – released yesterday; broadly in line with expectations –  was fine.

Reaction: as the US stock market plunged again on Wed, 16 April…

… with the US 10-year Treasury yield still stuck at around 4.3%, PLD proved to be defensive, with its shares consolidating ...