PODCAST: Talking the Housing Market, Silver Tsunami and Stocks With Jack Truong
Chris reconnects with the former CEO of James Hardie to discuss the U.S. housing market, current headwinds, identifying homebuilder stocks, and the one geopolitical risk that isn't getting enough attention.
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On this episode of the Action Alerts PLUS Podcast, Chris Versace reconnects with Jack Truong, former CEO of James Hardie and Electrolux North America. While the conversation starts off talking about expectations for Fed rate cuts this year, it quickly turns to the U.S. housing market.
Truong is bullish on the housing market long-term, but he sees several headwinds that could restrain it over the coming quarters. Still, as the Silver tsunami trades down and Airbnb ABNB speculators throw in the towel, he sees Millennials entering the housing market. The key isn't interest rate cuts, in Truong's view, but lower housing prices.
Chris and Truong also talk about factors investors should consider when identifying homebuilding stocks and what drives repair and remodel spending. Truong also explains why he isn't bullish on the shares of Home Depot HD or Lowe's LOW near-term, and which geopolitical risk he thinks isn't getting the attention it deserves.