It appears the People's Bank of China may have put a floor in place for the currency.
William Lyons Homes, LGI Homes and Green Brick Partners are selling at cheap multiples.
Those who can stomach a bit of volatility would probably do well by owning USCR shares or selling some puts.
Market players simply are not willing to chase solid news like this right now.
The chemical maker is poised to move higher today despite a broader market that looks weak.
Actual results from most homebuilders in the second quarter are quite good.
Caterpillar has a healthy backlog of construction and mining equipment projects for next year that should help continue to drive its business.
This setup in gold looks like a great time to buy.
The price of gold has retreated around 11% since peaking in April.
Homebuilding is just one area where there are amazing distortions of time-honored data going on right now.