Savvy Trades and Investments

[cliffvb]

PHM Supply chain issues are worsening, for sure. They have no problem with demand, in fact they can't keep up with it and have limited sales in most of their communities. Other home builders are also weak today in sympathy to their report.

SWH the huge paint company also lowered Q3 guidance today, citing shortages in raw materials and some steep increases in their costs. Sounds more and more like stagflation is returning. Stagnant growth with inflation. When that happened in the late 70s, it brought some real rough times for the stock market as the Fed had to rapidly raise interest rates.