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Steve Hou expresses concerns about the ongoing rise in equities, suggesting that the market cannot continue to increase each day without a period of consolidation.
He indicates that a pause or breather in the markets is likely overdue.
Hou has previously highlighted the impact of GE's three-way breakup, citing strong returns for GE Aerospace and GE Vernova while GE HealthCare trailed behind in recent coverage. In a separate note, he observed technical patterns suggesting bullish momentum for U.S. homebuilders and mortgage firms, based on new family home sales data. These views reflect Hou's ongoing tracking of sector-specific shifts.