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News Link • Housing

JEFF GUNDLACH: Short The Homebuilders

• Business Insider
 

Gundlach said single-family housing is "over-believed and over-rated."

His trade is to short XHB Homebuilders ETF.

It's trading down about 1.3% today. 

During his presentation, Gundlach highlighted a bunch of housing data points.

"We seem to be on the cusp of something of a change with existing home sales now negative," he said.

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