We have to start with the regime.We are not in a deflation scare.We are not in a risk-off unwind.We are not in a bond-led slowdown.We are in a reflationary environment — and more importantly, we are late enough in that regime to see leadership shift....
In simple terms, the company behind today's trade owns the buildings that power e-commerce and global supply chains.And the chart over the past year suggests this is a good business to be in.
With all-time highs within sight, it feels like a...
