ITB Stock Recent News

The Fed is scheduled for the first rate cut since 2020 in its meeting this week. Lower rates stimulate economic growth and provide a boost to the stock market.

The SPDR S&P Homebuilders ETF has experienced a volatile year, but has still outperformed the broader markets. We measure XHB against the more popular peer ITB and find that it is the better product. We close with some thoughts on why XHB won't likely make a rewarding BUY now.

We have highlighted ETFs from sectors set to explode on supersized Fed rate cut bets.

Economic indicators are released every week to provide insight into a country's overall economic health. They serve as essential tools for policymakers, advisors, investors, and businesses because they allow them to make informed decisions regarding business strategies and financial markets.

The July release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 739,000 units, the highest level in fourteen months. The latest reading came in higher than the 624,000 forecast.

Expectations that the Fed will start cutting interest rates at its next meeting in September have buoyed the housing market in recent weeks.

Economic indicators provide insight into the overall health and performance of an economy. They are essential tools for policymakers, advisors, investors, and businesses because they allow them to make informed decisions regarding business strategies and financial markets.

An ETF is a mutual-fund-like security that trades like a stock. A bunch of these ETFs sport huge average annual gains.

Increasing market expectations of a 100 bps interest rate cut by the end of 2024 has resulted in the 30-year mortgage rate plunging to its lowest level in over a year. Look into housing ETFs to capitalize on the optimistic trend of the 30-year mortgage rate.

The homebuilding sector is currently not in good shape due to higher rates and land and labor shortages. However, things should improve in the coming days if the Fed cut rates.