Housing Headed Lower, Market Update & AMA.
Jump To
We’re going to cover some of that in this post and highlight the short theme.
To be clear, this is NOT investment advice, I (we) funds that are controlled by me are already short these names and have bee.
Stock Market Update
- The Becky Index is Back
- Budweiser & UFC Move
- SnapChat Earnings – Sign of The Times
Business Insider: Housing Short Article
Household Debt
This has been on the rise all year and the consumer is exhausted.
Credit Card Balances - $1 Trillion
Institutions Out/Have Been Out
New Home Sales Rise - Explained
- New product is in more demand than old product.
- Home-builders incentivizing as best as they can.
- Old product will need to re-price.
Final Word
Housing, home builders, were the start of the short idea a few months ago.
That’s changed; I think (and you are seeing it) physical housing is in for a turn in the coming quarters.
In fact, there are better short-ideas in the Canadian market than the US markets right now but one step at a time.
Thanks for reading.
Next Lesson
Final Quarter of 2024 Stock Market
Stock Market Stimulus
The Main Event is Here
About the Author
Daniel Bustamante is the founder, managing partner, and CIO of Bustamante Capital L.L.C., a multi-strategy hedge fund management firm based in San Juan, Puerto Rico. He has over 10 years of experience in the financial industry, specializing in equities, futures, and event-driven trading strategies.
He is also the founder of TheLongVol.com, a blog and newsletter that shares his insights on his investing process, travel, and other private investments. He has been featured in Bloomberg, Arizona Business Journal, Business Insider, Yahoo! Finance, Forbes, Seeking Alpha, and other publications over his career on Wall Street.
