Jun. 18 at 1:01 PM
$SPY $SPX $IWM $VOO $LEN
Investors can wait until earnings misses crush their positions or simply read & share my analysis.
Anyone who read post below would've avoided homebuilders.
Even now, traders buying homebuilders on a false premise: That rate cuts will bailout housing.
But the Fed cannot lower 30yr yields (most mortgages based on 30yr amortization).
And even if the Fed tried to lower short term rates (what they have a little big more control over), bond market would see that as inflationary and.... long term rates (30yr would rise).
And rising long term rates = less affordable housing, prices crash even more.
GLTA.
As a reminder, a banking crisis already underway. Bank regulators attempted to cover it up by permitting banks at-risk of failure to obtain credit which in other times would've led to the failure of the bank: https://tinyurl.com/mvdpk8c3
Avoid ALL financials (auto finances, mortgage lenders, banks, consumer credit, etc).
