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SECTOR ETFVNQXLREBEARISHCore thesis · 5/5

No single ticker was named. Real estate ETFs are the exposure this bearish thesis argues against, most actionable for readers who already hold them. Not a recommendation.

18-year land cycle predicts housing downturn

Historical analysis of the 18.6-year economic land cycle suggests the current US real estate expansion is nearing its end, with national housing prices projected to accelerate downward in late 2024 or Q1 2025.

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NOT INVESTMENT ADVICE · A SUMMARY OF WHAT WAS SAID ON THE PODCAST · VERIFY AGAINST THE SOURCE