Saxo Group Videos

#SaxoStrats: Moving towards US Homebuilders

Saxo's Peter Garnry is looking to buy US Homebuilders as a bet on the US economy. He says he thinks there will be at least a 15% increase in those wanting new homes and explains why. He also says the strengthening US dollar is not negatively impacting US Homebuilders.

Garnry says he is looking at an ETF traded on the Saxo Trader Go with a ticket code of XHB on the Arca exchange (XHB:arcx). He says he has a stop of around USD 32, and trailing stops of USD 0.50. He says there is no target but he's looking for a long term trend in US Homebuilders.

You can read more about this #Saxostrats here.

01:47 minutes
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