Poor ARR! (Yes, collectively my 2 mREIT holdings) ;)
Seriously, looks like the blocks were taken off the AGNC train today, and it has rolled right past the $33.50 ceiling it kept hitting yesterday. Now ARR is suffering like AGNC did yesterday. Big volume and almost a 2% hit to PPS. No apparent reasons whatsoever. Really feels like the same sort of shakedown we had w/ AGNC.
A notable exception though.. While there's been lots of speculation here about AGNC's sell-offs this week being related to today's options expirations... ARR really doesn't have a liquid/active option market.
Anyways, I don't claim to know the "why" on any of this, but on the surface, given the timing and the action, it sure feels like Sauron has 1 eye and moved it from AGNC yesterday to ARR today ;)
Eye of Sauron, and the Troll alias's running around on this msg board... Truly we're living in the Lord of the (MM) Rings.