Fed Rates? Red Wave? Who Cares — Homebuilders Will Get Crushed – Don’s Daily Brief

by | Oct 31, 2022

This week we have elections in the news… a huge Fed interest rate announcement coming Wednesday. (hint: no, they won’t pivot)

Lots of noise, but only one thing matters.

When you think about higher rates and you think about homebuilders

You know they are going to be hurting.

“You don’t buy a house, you buy a mortgage.” – And mortgages are getting a whole lot more expensive!

► To play that to our advantage, we’re going to short the Homebuilder Index ETF: XHB.

But you need to know how to play it and that includes a trigger price, target price and stop loss. You can get these by subscribing to The Daily Pick right now for just $9/mo.

👉👉We’ve already closed 24 winners and we’ve only been doing this since mid-August!

The Daily Pick is Don’s daily alert service, where for just a few dollars a month, he gives you a pick every trading day, complete with triggers, stop loss and profit targets.

Every market day, Don Yocham scans thousands of potential stocks, whittling down the list to just a handful that could be setting up to make BIG moves.

The top idea from his daily scan ends up here.

For specific trade instructions, including triggers and stop loss levels, take a look at The Daily Pick, where for just a few dollars a month, you’ll get full trade instructions on Don’s top idea each day.

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