REAL ESTATE

Fundamentals:

-Secular Demographics Less Old People = More Supply
-Rising Interest rates = Less Demand

Technicals in the chart

Comment:

"We" are short through IYR put options and short DJUSRE futures

Comment:

s3.amazonaws.com/tra...shots/x/Xq6E6hV3.png

IYR down on home sales data. this trade is playing out and it feels like 2008 all over again