Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.
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The other new economic truth about US Housing came in yesterday’s US Pending Home Sales report. Wait for it … the ROC (rate of change) #accelerated to a 41-month high of +2.5% year-over-year growth! And if you have friends who want to (read: have to) stay long “Secular Grower” Software (IGV) stocks (i.e. companies that have never seen a cycle) into SALES and EPS #slowing when they can be long a hockey-sticking housing cycle? Let them eat TAM. |
