Toll Brothers (TOL) is the poster child for upscale homes on the east coast. Their corporate offices in Pennsylvania are just a short drive west from where I live. The stock has climbed from the $15 area in March to about $55 now.
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Avoid the beauty contest of price momentum that has arguably led to relatively large extremes of overvaluation today.
Many stocks with nosebleed valuations shot higher in response to Fed policy becoming more hawkish, while many quality cheaper names sold off.
The Fed backs off on claims that inflation is transitory and sets the stage for future rate hikes.