Homebuilders Might Finally Have Appeal as Yields Press Up to Resistance.. But for How Long?

Near-term US Equity trends remain technically constructive with $SPX and $QQQ holding firm near recent highs, but the warning signs from DeMark exhaustion on multiple timeframes and the gradual deterioration in breadth indicators continue to accumulate, and the rates picture, along with the path for WTI Crude oil have become the most important variables to watch. Both ^TNX and ^TYX have pressed up to near multi-year...

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