Have you seen Homebuilding stocks getting hit?
It’s not happening at a random spot either. The upside objectives were hit, as we discussed on last week’s call, so this would be a perfectly logical place for this correction to take place.
But the chart of the week has to be Homies relative to REITs. With Real Estate Investment Trusts (REITs) breaking out on both an absolute AND relative basis, it makes this chart that much more dramatic.
This is the true story: [Read more…]