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Housing Feeling the Heat

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

As interest rates have been strengthening (seen below by way of the ultrashort-on-bonds instrument TBT)………

Liquidity moves markets!

Follow the money. Find the profits! 

……we can see just about the only sector which has been taking it on the chin with any kind of regularity (stimulus or no stimulus) is housing. Here, for instance, is ITB, the home construction ETF, which has achieved the miraculous (these days) feat of having a red candle five days in a row.

A very similar creature, XHB, the homebuilders ETF, is doing the same thing. This is a longer-term view, from the March bottom, and illustrates just how high homebuilders were pushed before they stalled out.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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