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Has The Homebuilder Rally Gotten Ahead of Itself? And Are Psychedelics the Next Cannabis Trade? 6/27/23

CNBC's "Fast Money"

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The Importance of Fundamentals in the Homebuilder Trade

Homebuilders have been on a run for the better part of last 9 or 10 months. The stocks are going higher for fundamental reasons, not just FOMO reasons. I think this is the wrong time to be piling in. But if you've enjoyed the ride, you've enjoyed it for the right reasons.

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