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SECTOR ETFXHBITBBEARISHIn depth · 4/5

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

Hidden US economic momentum slowdown re-intensifying

The argument was made that underlying macroeconomic weakness is resurfacing, pointed to by zero net job growth, falling real incomes, and weak housing starts.

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