IPFS News Link • Housing
JEFF GUNDLACH: Short The Homebuilders
• Business InsiderGundlach 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.