CME Group's Blu Putnam On Navigating The Tides Of Inflation: Why He's More Optimistic Than The Fed
Portfolio Pulse from Josh Walter
Blu Putnam, chief economist at CME Group, shared his insights on inflation and market reactions, expressing optimism about curbing inflation. He noted that companies have been maintaining profit margins better than expected, positively impacting equity prices. Homebuilders like Lennar Corporation (NYSE:LEN) are benefiting from a lack of used housing supply.
June 21, 2023 | 7:13 pm
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Lennar Corporation (NYSE:LEN) is benefiting from a lack of used housing supply, despite the common belief that rising interest rates negatively impact the homebuilding sector.
The article mentions that Lennar Corporation is benefiting from the lack of used housing supply, which is a positive factor for the company. This goes against the common belief that rising interest rates negatively impact the homebuilding sector. As a result, this news could have a positive short-term impact on LEN's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50