The One Commodity That's Down Today Is A Big Red Flag For Housing

The big deflationary moves of the last several days are reversing themselves, as most industrial commodities are headed back up. Copper and oil — both of which have been hammered — are trading higher.

But here’s one big standout on the downside. Lumber is deeply in the red, down nearly 4%. Lumber obviously is closely connected to housing. The fact that it’s not catching a bid today should be noted.

lumber

Photo: StockCharts.com

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