What is the Action in the Homebuilders Telling Us?
- Bond yields jumped yesterday…and it sure seems like they’re going to stay very high in comparison to the past 10-15 years. So, we’re surprised that stock investors are still quite complacent in response to the level of interest rates (and the crisis in the Middle East). One stock group that is less complacent is the economically sensitive homebuilders…which are testing a key support level.
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