I’ll Huff And I’ll Puff

Rising interest rates and falling bond prices are hammering the housing sector.

Source: DepositPhotos

Bonds keep falling. Rates keep rising. One glance at the TLT shows it.

As I predicted months ago, the likes of “home” builder Lennar (LEN) are getting demolished by this, as everyday people are less and less able to afford to buy this pre-fab crap. This top is enormous and probably could fall for years.

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