There was more excitement expressed from American businesses, this time from the National Association of Home Builders, and their monthly Housing Market Index (HMI). The Index gauges current and future (six months) potential demand for single family homes.
HMI soared to a reading of 78.0, its highest level since July 2005. This was driven by traffic, which has been positive in three of the last four months.
The news spiked shares of most homebuilder stocks and housing related ETFs, including XHB due to the report. The top holding of XHB is Mohawk (MHK), which I have pounded the table on for some time. Other top holdings of XHB include Toll Brothers, Pulte, DR Horton, Whirlpool and Masco.
Overall, the market is still in wait-and-see mode with the Fed and with the sausage making in Washington, DC. Let’s keep our powder dry as we wait on the Fed’s decision.
|OK - I'm puzzled. How do you find time to be on TV sometimes 4+ hours a day; write two columns; numerous guest appearances and run your business? I'd like to know so I can borrow your secrets.|
TOM HOLCOMB CPA on 3/15/2017 1:16:45 PM
|I woke up at 3:30 am this morning my head filled with thoughts and ideas. I came in checked overseas news, combed WTO tariff rules and actions, crunched numbers for names considering adding to my "buy list" combed Retail Sales report, Empire Fed Report and CPI.
I'm a dynamo and want to win.
Charles Payne on 3/15/2017 1:31:40 PM
|Charles Payne - still Making America Great Again after all these years! Thanks, Charles.|
Gregory Sober on 3/16/2017 12:14:34 PM
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