NYSE:PMTMortgage REITs
PennyMac Mortgage Investment Trust (PMT): Assessing Valuation After Fed Rate Cut Signal Spurs Investor Optimism
If you follow interest-rate sensitive stocks, you know that when Federal Reserve Chair Jerome Powell suggests a possible change in the central bank’s stance, Wall Street listens. That is exactly what happened after his recent remarks from Jackson Hole. Powell’s indication that rate cuts could be on the table sent a wave of optimism through markets and sparked sharp gains for financial players like PennyMac Mortgage Investment Trust (PMT) as investors recalibrated their expectations.
This...