Hm. New Home Sales just printed 587K against a 720K estimate. That's a 21% collapse from December.
The broad market's reaction? $SPY barely moved.
But $XLF has been screaming about this for weeks. Sitting at 48.63-week lows with an RSI of 22. Down 6.4% this month alone. Worst sector in the market by a mile.
Banks figured out the housing crack before the data confirmed it. They always do.
Housing is where rate sensitivity shows up first. A 21% one-month collapse isn't noise. That's demand getting crushed under elevated mortgage rates, full stop.
I think $XLF sees 47.50 before it sees 50. The deterioration isn't priced in yet. Not even close.
By the time this shows up in payrolls, everyone will act surprised. What sector are you watching for the next shoe to drop?
Spring cleaning mode ON! Organize old clothes, toys u0026 books—donate what you don’t need, keep what sparks joy. Less clutter = more calm! #DeclutterWithJoy#OldItemSorting
Taste test alert! Organic garlic vs. regular: Organic has plumper cloves, richer flavor (no bitter aftertaste!) u0026 easier to peel. Worth the extra $0.50/lb 10/10 yes—perfect for stir-fries/roasts. #FoodReview#OrganicEats
"Minimalist desk setup for focus! Sleek laptop, wireless keyboard/mouse, potted succulent, and a clear acrylic organizer—no clutter, just calm. Perfect for deep work or quick tasks. #DeskGoals#OfficeInspo"
Late-night cravings Our little spot’s here—steaming ramen, crispy gyoza, and warm sake to chase the chill. Open till 2AM, because good food waits for no clock.
"Pick one tiny hobby—try it daily for 10 mins. Watercolor a leaf, learn 3 guitar chords, or grow a bean. Small steps = big joy. What’s your tiny win today "