@Michael Pickett posted:In keeping with my lifelong strategy of "buy high, sell low," lumber prices are down more than 40% in June alone.
I think this might be why I have a bit of skepticism about all of the geniuses telling us exactly what the future holds for us.
CNBC: Lumber prices dive more than 40% in June, biggest monthly drop on record.
https://www.cnbc.com/2021/06/3...-drop-on-record.html
Lumber futures are down quite a bit. Lumber prices at retail, also down quite a bit - leaving them 2-4x what they were pre-runup.
^ lumber futures. Happy days are here again - only 2-3x the historical (pre-COVID) moving average.