Home builders’ stocks slump as downgrades warn of summer ‘hangover trade’ – MarketWatch


MarketWatch

Home builders' stocks slump as downgrades warn of summer 'hangover trade'
MarketWatch
Raymond James looked at the summer performance of the U.S. residential builders' stocks for the last 30 years and found that they underperformed the S&P 500 for 21 of those years, or 70% of the time. The average underperformance: 490 basis points.

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