Stephen Weiss, Founder, Short Hills Capital Partners SPDR HOMEBUILDERS ETF XHB-N SHORT Oct 13, 2023

How to Play the Housing Market in the US. US housing has already come back. He is not sure there is a whole lot more upside. XH­B-N has the home builders and this is the best way to play that market. It also has other companies that benefit from new home sales. It does not have the lumber companies, however.

(Top Pick May 5/16, Up 5.63%) The decline took place and he is waiting for confirmation. This could be a good short now. They tend to well from October into February. He is not doing at this time.

Careful, because their largest holdings include Restoration Hardware and Sonoma, so you don't get to the homebuilders like DR Horton until further down the list. He himself prefers the homebuilder, so he prefers ITB. He's very bullish US housing. That said, XHB is still good.

Is shorting this. Next week, it may pop if the Fed does nothing.

She's very bullish in housing. Last year, when interest rates fell from 8% to 6.1%, homebuying rose 10%. You need to see rates closer to 5% to unleash pent-up demand. There's still a big shortage of homes and homebuilders are under-producing.

The housing recovery isn't a done deal. The key 10-year yield rate will likely be stuck between 4-4.3%. We have budget deficits to worry about stronger growth and fewer rate cuts. Good news is that homeowners have built up a lot of home equity, which could help HD. Also, the XLY discretionary ETF is doing great.

The S&P 500 made new highs this week, which might extend today. Big move higher by market leaders, but now those market leaders are breaking down. That suggests that we're approaching the end of the cycle.