by Darrell | May 18, 2021 11:27 pm
Spot Lumber has crashed from a high of $1,686 11 days ago to $1,264 today, a 25% drop. Stocks such as Weyerhaeuser (WY) are sliding down slightly. Several weeks ago I left a note here about the massive re-hiring of lumber mill workers who were laid off due to covid, thus causing lumber prices to start dropping as supply finally catches up with demand. My view is that lumber stocks have peaked and the bubble is over.
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