Good thoughts. Though it's tough to see a real slowdown unfolding here unless we get a real spike in unemployment due to permanent layoffs rather than just an increase in the labor force.
It's all coming together ahead of the FOMC meeting. It's all a patchwork of differing and often shifting dynamics as Complexity hits overdrive. I'm just glad this isn't my first rodeo, or I'd be totally freaked out by all the things that are happening - seemingly all at once.
There are a great many things in trading and the economy that are complicated, but homebuilding stocks and interest rate moves are not complicated at all. Fed funds rates go down, homebuilding stocks implode. It's been that way since the beginning of time. Don't trust me, just plot the Fed Funds rate, then plot homebuilding stocks and look.
Good thoughts. Though it's tough to see a real slowdown unfolding here unless we get a real spike in unemployment due to permanent layoffs rather than just an increase in the labor force.
It's all coming together ahead of the FOMC meeting. It's all a patchwork of differing and often shifting dynamics as Complexity hits overdrive. I'm just glad this isn't my first rodeo, or I'd be totally freaked out by all the things that are happening - seemingly all at once.
There are a great many things in trading and the economy that are complicated, but homebuilding stocks and interest rate moves are not complicated at all. Fed funds rates go down, homebuilding stocks implode. It's been that way since the beginning of time. Don't trust me, just plot the Fed Funds rate, then plot homebuilding stocks and look.