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home / news releases / SPXL - Goldman's S&P Target By No Means Out Of The Question: Wiethe


SPXL - Goldman's S&P Target By No Means Out Of The Question: Wiethe

The NAHB housing market index matched its all-time record high set in 1998, which lends credence to the urban exodus narrative prompted by the pandemic, Max Wiethe told Real Vision during today’s Daily Briefing.

Wiethe said what’s interesting to him about the data is more about what people are doing with their money rather than whether they have money to spend, and he looks to multiple confirming indicators like lumber and copper to determine whether homebuilder sentiment is a one-off or part of a larger trend.

He said that we have to square strong housing

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Stock Information

Company Name: Direxion Daily S&P 500 Bull 3X Shares
Stock Symbol: SPXL
Market: NYSE

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