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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Bill Pulte to Newsmax: Trump Cutting Home Costs, Rates:”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Trump’s statement about cutting home costs and rates could boost sentiment for homebuilders like D.R. Horton Inc and PulteGroup, as well as mortgage-focused Rocket Companies Inc, on expectations of stronger housing demand and improved affordability. Financial and regional banking ETFs (XLF, KRE, VFH) might see mixed but potentially positive reactions if lower rates spur loan growth, though margins could be a concern, while consumer-focused funds (VCR, XLY) may benefit from the prospect of increased discretionary spending tied to a healthier housing market. Real estate-related ETFs (VNQ, IYR, XLRE) could gain on hopes for a more supportive rate environment and higher transaction volumes, especially in residential and mortgage-exposed segments.
Here are some of the stocks that might be affected:
D.R. Horton Inc ((DHI)),
Pultegroup ((PHM)),
Financial Select Sector SPDR Fund ((XLF)),
SPDR S&P Regional Banking ETF ((KRE)),
Vanguard Consumer Discretionary ETF ((VCR)),
Vanguard Financials ETF ((VFH)),
Vanguard Real Estate ETF ((VNQ)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)),
iShares U.S. Real Estate ETF ((IYR)),
Real Estate Select Sector SPDR Fund ((XLRE)),
Rocket Companies Inc ((RKT)).