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.



NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at