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David Fry's Daily Market Outlook

You keep complaining that XHB does not trade "fundamentally" - meaning you expect it do go lower while it consistently goes higher since bottoming in July.

Here's a thought: maybe XHB is trading, as equities tend to do, based on forecasting the homebuilders' turnaround (some 9 months out) which is becoming more and more plausible with each passing day.