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ITB - Record Week For Stocks On Easy Monetary Policy And Uptrend In Housing Data
iShares U.S. Home Construction ETF
Real Estate Weekly Review
Almost six months to the day after US equities entered a bear market in late-December 2018, the major stock indexes jumped to new record highs this week, bouncing more than 25% from those 2018 lows. Powered by an expectation of easing monetary policy and a continuation of "Goldilocks" conditions of low inflation and slow-but-steady domestic economic growth, the S&P 500 rose more than 2% on the week, hitting a record weekly closing high. Along with the Nasdaq (QQQ) and Dow Jones (DIA), the S&P 500 is higher