Homebuilder stocks are experiencing a surge as investors seek bargains ahead of the Federal Reserve’s gathering at Jackson Hole, Wyoming. Previously unloved stocks have seen a significant comeback, driven by anticipation of potential rate cuts by the Fed. This optimism has also lifted small-cap stocks and other rate-sensitive assets.
Investors are taking a closer look at homebuilders, seeking undervalued opportunities that could see significant gains if the Fed resumes rate cuts soon. The sector’s performance is closely tied to the Fed’s decision-making process, making it a key area of focus as the Jackson Hole gathering approaches.
Source: https://www.marketwatch.com/story/investors-are-plowing-into-homebuilder-stocks-will-jackson-hole-prove-them-wrong-adff93ec