Housing-related stocks have already dropped 20–40%, and the source thinks that painful selloff has largely removed the risk of investors dumping them to chase AI names, making this a good moment to buy the XHB housing ETF as a bounce becomes more likely.
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ASML is a phenomenal business with an unrivaled stranglehold on the machines chipmakers need to produce cutting-edge semiconductors, but at today's price of around €1,470 the stock already reflects most of that upside, so the author is selling some shares and wouldn't consider buying again until the price drops closer to €1,050.
With global aluminum stockpiles at historically thin levels and Middle East shipping disruptions continuing to squeeze supply outside China, prices are holding near $3,000 a ton in a way that should keep benefiting Alcoa as a major aluminum producer.