The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage.
By David Gillie
NEW YORK (ETF Digest) — While homebuilders had a monstrous run since I first wrote about them at the first of the year, XHB has hit a wall and stopped dead.
Even with the overall market in a melt up over the past month, Homebuilders were one of the few sectors that have chalked up a loss over the past week. This raised my curiosity of what had gone wrong. I immediately discovered that the homebuilders are apparently, asleep on the job.
SPDR S&P Homebuilders (XHB) had its holding rebalanced on January 31st.
Click to view a price quote on XHB.Click to research the Financial Services industry.
Originally posted here: Homebuilders Hit a Wall
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