Home purchases through the roof and all we're hearing about is how bad the economy is.
Lumber futures taking off past two weeks = bullish home building stocks.
lumber fut.JPG
Here are five charts that track how the U.S. economy is recovering from coronavirus
https://www.cnbc.com/2020/06/21/here...ronavirus.htmlWith states continuing to lift coronavirus restrictions, people across the U.S. have felt more comfortable traveling, taking transit, eating out and even moving to a new home.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Home purchases through the roof and all we're hearing about is how bad the economy is.
Lumber futures taking off past two weeks = bullish home building stocks.
lumber fut.JPG
Makes sense. Anybody with any money and credit has got to be locking in low rates on loans right now.
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Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
https://www.wsj.com/articles/america...ge-11594305886“A lot of saw mills closed up shop and moved into doing maintenance and repairs, figuring demand would drop with people losing their jobs and watching their spending,” said Leroy Ball, chief executive of Pittsburgh’s Koppers Holdings Inc., which makes chemicals used to treat wood for decks, fences and utility poles. “What happened was just the opposite.”
Lumber and plywood started flying off shelves.
“People didn’t go on vacation,” said Leiby Wieder, who manages Tri-State Lumber in Brooklyn, N.Y.’s Greenpoint neighborhood. “They stayed home and built decks, they built fences, they built pergolas. Anything and everything.”
Lumber futures below. What an ascent. I'm wondering the the same will happen to oil when things get going again. All those wells shut down, bankruptcies, etc.
lmbr.JPG
Good signs. Could be China related, but still good.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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