probably a good time to buy some names in housing
$Zillow-C(Z.US$ the whole real estate sector has been getting dumped like a bitch all the real estate small and mid caps have been oversold to absolute bottoms
but with increasing probability of rate cuts it should help homebuyers and homesellers because you don't need to pay ridiculous mortgage rates anymore so even the expectation of rate cuts is enough to move these housing stocks and along with them all the furniture/renovation stocks so i would start buying some of those names to hedge against this outflow from tech megacap stocks
the risk here is if the economy goes into full blown recession then the consumer might die the consumer might get fucked upside down and that means the retail companies like walmart costco and target they might get fucked once again and after that people might stop buying houses or delay their plans which will be bad for these housing stocks so it's a risk you have to take and tread this line hoping for a soft landing but either way in the short term at least until September we should see these names rally a bit and that's enough to make some gains
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
i enjoy identifying stocks with rock solid growth fundamentals that exhibit high potential for 3 digit returns
185Followers
114Following
986Visitors
Follow