Monday, November 4, 2019
Rate addiction clouds U.S. homebuilding stocks' outlook
Shares of homebuilders will have to break unusually close ties to interest rates to move higher, according to Neil Dutta, head of U.S. economics at Renaissance Macro Research LLC. Dutta cited the relationship between S&P’s broadest index of U.S. builders and the yield on 10-year Treasury notes in an email Monday.
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