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Gordon Haskett says home improvement sector has pre-2008 feel (NYSE:HD)
phillyskater/iStock Editorial via Getty Images The trend in home improvement stocks is bringing back some bad memories, according to Gordon Haskett analyst Chuck Grom. In a note to clients on Friday broadly downgrading the sector, he explained that while there is reason to remain constructive on many names, the rapid increase in uncertainty pervading the market has completely upended his prognostications. “Over the past couple of months, the rules of engagement have clearly changed,” Grom wrote. “We are having some déjà vu back to 2006/2007 before the GFC.” He explained that a confluence of rising rates, a reversion to pre-pandemic home improvement trends, a consumer that may not be keen…