September 26, 2024
In today's video, I review the U.S. Homebuilders ETF ($XHB) and cash lumber prices ($LUMBER) as of September 24, 2024. The $XHB has shown a remarkable recovery from its March 2020 lows and is now on track to potentially retest its all-time highs. I also cover the relationship between price movements and the 50-week moving average, along with possible upcoming corrections. On the lumber front, there's a potential breakout in the works, raising important questions about the overall strength of the economy. Be sure to check out our September 16th analysis, where we dive into the S&P 500 and U.S. Homebuilders: https://www.youtube.com/watch?v=XYrt05axDjk&t=11s Enjoying our daily market updates? Subscribe to the Klarenbach Research YouTube channel and turn on notifications so you're always up to speed: https://www.youtube.com/@KlarenbachResearch
