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July witnessed the “Great Rotation” in the U.S. stock market on an apparent “AI fatigue”, growing expectations of the Fed cutting rates in September and a resurgence in Trump trade. Investors shunned the hot technology stocks in favor of smaller companies and other sectors, which are the bigger beneficiaries of the Fed rate cuts.
July witnessed the "Great Rotation" in the U.S. stock market as investors shunned the hot technology stocks in favor of smaller companies and other sectors, which are the bigger beneficiaries of the Fed rate cuts.
For investors seeking momentum, iShares U.S. Home Construction ETF ITB is probably on the radar. The fund just hit a 52-week high and is up 69.20% from its 52-week low price of $71.22/share.
The June release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 617,000 units, the lowest level in seven months. The latest reading came in lower than the 639,000 forecast.
The iShares U.S. Home Construction ETF (ITB) was launched on 05/01/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Consumer Discretionary - Broad segment of the equity market.
Wall Street was mixed last week with the S&P 500, the Dow Jones and the Nasdaq losing 1.9%, adding 0.7% and retreating 3.7% last week. The small-cap index Russell 2000 advanced 1.7% last week as “Trump Trade” gained momentum.
With increasing expectations of an interest rate cut in September, the future for mortgage rates and the housing market turn optimistic. Look into ETFs to capitalize.
Hello! Homebuilders have been on a tear, with this week's ETF Wrap examining their July surge.
Just because the market has risen a lot in the last year or two doesn't mean it's too late for you to invest. The market could keep growing for another year or several years.
US homebuilder confidence has dipped to its lowest point since December 2023, with the single-family homes index registering a reading of 42 for July. The National Association of Home Builders (NAHB) CEO Jim Tobin joins Wealth!