Right before earnings. How to time it so your clients can get in at a lower price. Crooks.
June home sales down 8%. Some say its due to low inventory. All the same that's 8% less going to the revenue. Inventory is actually about same last 3 month. So I don't think you can blame it on low inventory.
CAT sold off today after 5% gap up open. Street doesn't believe the optimism expressed by CAT.Home builders probably in the same boat. Difference is high high PE , PPS near all time high.