Saturday, March 28, 2020

Info!! Housing Stocks Showing Relative Strength

this morning's post: Even equally the S&P 500 Index has struggled to concur the upside inward recent sessions, the homebuilder stocks accept been outperforming, rising almost 2% today. Above nosotros come across the relative line of the homebuilders ($HGX) versus $SPX; greenback how relative line has been on the upswing since the mid-July lows. News coming from the housing marketplace has hardly been positive, simply the homebuilder stocks seem to last looking beyond the electrical flow weakness. The rising inward fixed income prices--the 10-year Treasury yield barbarous below 3.7% today--would seem to propose economical weakness as well as a flying to prophylactic yields. All the to a greater extent than interesting, then, that we're seeing relative line amid consumer discretionary as well as housing issues.
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