Home Builders vs. Semiconductors

Geoff Bysshe | August 24, 2025

Looking out to the end of 2025… Would you rather own Home Builders (XHB) or Semiconductors (SMH)? It may seem like a strange question to ask and an easy one to answer, but don’t answer too quickly. The best market indicator for the next several months may not be the market expectations of Fed Funds rates, but rather the market’s expectations for the housing sector. On Friday, stocks and bonds soared, and interest rates sank

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