$DJUSRE (Índice Imobiliário dos EUA): Uma liquidação pode acontecer
The stock market has been sideways since the peak in 2022. The U.S real estate market, as measured by DJUSRE Index has also been sideways to lower. We have been providing the path for the U.S. real estate market for years and finally it reached our target at the $453.00 area. The Federal Reserve has increased the interest rate very fast over the last year from 0.25% to 5.50%, making the housing market go sideways to lower. At EWF, we look at the price action more than any fundamental news or event. In this case, both fundamental and technical agree to a certain degree. The narrative states that lower rate motivates buyers to buy, while higher rate has the opposite impact. At this stage, the decline in the DJUSRE has been relatively small compared to the velocity of the rate hikes. Read our previous article showing the path higher into the $453.00 area and the expected pullback from Blue Box area. Now that we have reached the target, the big question is what is coming next. First, we must understand The Grand Super Cycle, which shows a five-wave advance since the lows, as shown in the following chart. $DJUSRE Monthly Elliott Wave Chart The