Daily Report : Homebuilders have never been more optimistic despite high costs; 10 straight weeks of money market leakage

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-08-20 at 17:32:02 CDT

Homebuilding stocks recovered quickly from the pandemic panic, and sentiment has followed. A survey of homebuilders just recorded its most optimistic reading ever, which has precede trouble for their stock prices. This comes as optimism on one of their major inputs is nearing record highs as well.; Retail and institutional investors alike have been pulling assets from money market funds. It has now been 10 weeks since either group of traders have set a new high in money market assets. This has been a good sign for stocks, not so much for the dollar or bonds.

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