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LOCKED MI2 Trader: US Homebuilders Timber

Long-standing clients know that at MI2, we attach particular importance to housing because historically, outside bouts of fiscal spending, this sector and GDP growth have been joined at the hip. Hence, the significance of today’s collapse in the National Association of Home Builders Survey, the largest in the survey’s 34-year history outside Covid and one of the first concrete signs that this market is in deep trouble.

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