Published On Nov 15, 2023
The homebuilding sector is quickly emerging as a leader in this rally. The home construction ETF (ticker: ITB) is up over 20% in the last three weeks on big volume. It rallied over 6% yesterday alone.
We always try to identify the "theme" of a bull market as quickly as possible. In the 2020-2021 bull market, that theme was work-from-home. The first half of 2023, it was AI and semiconductors. In the second half of 2023, nuclear stocks have been a standout. And homebuilders are quickly taking the throne.
Here is a link to my TradingView watchlist of home construction stocks: https://www.tradingview.com/watchlist...
You do not need to be TradingView user to view the watchlist. But if you are, click 'Save as watchlist' in the upper right corner to easily add it.