Pursuits
Homebuilder ‘Hope Trade’ Helped by Early Start: Chart of the Day
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Gains in U.S. homebuilding stocks this quarter bode well for the “hope trade” that has put them ahead of the Standard & Poor’s 500 Index for 10 years in a row, according to Buck Horne, a Raymond James Financial Inc. analyst.
The CHART OF THE DAY compares the industry group’s performance with the S&P 500 for Nov. 15 through Jan. 31, the period that Horne cited in a Nov. 21 report. During the current streak, the S&P 500 Homebuilding Index has led by an average of 13 percentage points.