My friend Chris Kimble shared this chart of the homebuilders index and it caught my attention:
I could dig into the fundamentals for days of course, but I don’t care to own these stocks or even trade them.
I doubt history repeats here with a another financial crisis led by the homebuilders, but history might be rhyming.
PS – My friend OM Malik is back writing daily about technology. You can subscribe for free here.
PSS – If you like to follow media and technology – my favorite email is Jason Hirschhorn’s which you can subscribe to for free here.
PSS – If fintech is your thing…I like the Fintech Revolutionist (also free) which comes weekly.
Also published on Medium.