Goldman’s Odd Reason to Bet Against Housing Stocks

CNBC, By Alex Rosenberg | May 14th, 2015 (Read article)

It could be a long, hot summer for housing stocks

The homebuilders tend to lag in the summer months, Goldman Sachs’ options team said Wednesday. Goldman showed that the SPDR Homebuilders ETF (XHB), which contains a bevy of housing-exposed stocks, has traded “consistently lower” in the May-to-August period, dropping in seven of the past nine years, for a median decline of 7.5 percent.

2016-10-23T23:30:26+00:00