Be Careful About Chasing the (very) Overbought Housing Stocks
- The bond market has become overbought (oversold on its yield) at a time when important announcements will be taking place. So, if the data is stronger than expected…or the Fed is a bit less dovish than they have been recently…it could cause a surprising move in the bond market. It could also have an outsized impact on the housing stocks…which have become VERY overbought on a near-term basis.
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