Homebuilders Again

person using MacBook Pro on table

Image Source: Unsplash

My biggest short position, XHB, is behaving itself beautifully.

The longer-term chart illustrates this more vividly. These are June $115 puts and are up 24% already, and I think there’s vastly more potential to go.

Of aid to this is bonds, which are finally reversing, thanks to the hotter-than-expected hourly wages in the jobs report.


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