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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.

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.

Screenshot 2021-06-30 1.09.50 PM

^ lumber futures. Happy days are here again - only 2-3x the historical (pre-COVID) moving average.


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  • Screenshot 2021-06-30 1.09.50 PM
Last edited by Stan Galat