Housebuilder D.R. Horton (DHI) Delivers Solid Quarterly Figures and Buys Back Around 8% of its Shares Again. The Stock Breaks out to a new all-Time High with a P/E ratio of 11.

The current short-term rally move in the broad market Russel2000 index reminds me strongly of the move in November when the inflation peak stoked the first signs of an end to the FED rate hike cycle. In the previous week, it was again the CPI data that led to a massive rotation in the market as the start of the rate cut cycle in September is a virtual certainty. This is also good news for interest rate-sensitive housebuilder shares. They started a renewed upward movement that could continue. D.R. Horton (DHI) is one of the largest home builders...