Why Construction Stocks Could Be Honey in a Bear Market
On Tuesday, the S&P 500 fell into a bear market with stocks falling more 20% Monday and Tuesday.
At the same time, the 30-year fixed mortgage crossed 6% for the first time since 2008, sending mortgage applications to a 22-year low.
The idea of a recession is getting stronger and stronger, but construction stocks are showing strong strength throughout this time.
Could construction stocks be a safe bet for investors to shed some risk?
Listen to this week's Walkthrough Wednesday to find out.
Construction Dive: https://www.constructiondive.com/news/commercial-construction-bear-market-good-stocks/625516/
Construction Dive: https://www.constructiondive.com/news/abc-chief-economist-anirban-basu-recession-later-this-year-or-2023/625578/
AGC Data Digest: https://constructioncitizen.com/blog/agc-data-digest-june-6-14-2022/2206151
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