WC Whiner

David Fry's Daily Market Outlook

XHB might be reacting to the downward revisions to the prior three months and the fact that August YoY is -17%. That it is slightly up on a downwardly revised July, itself down -26% YoY, doesn't scream "buy homebuilders" to me, but then I have a small short position on for a reason.

Yeah, I'm talking my book, but I didn't see this report as unexpected or as strong.