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Homebuilders and owners of commercial real estate in particular are feeling the rate-induced pain, and it likely will intensify in the months ahead.
I'm the most bullish I have been on risk and rates since earlier this year when we were looking for a short squeeze.
With travelers and investors steering clear of China, look to Japan, and its leading airline in the months ahead.
These recently downgraded names are displaying both quantitative and technical deterioration.