Lumber/WTI Crude Oil and ISM Manufacturing PMI (Leading Indicator)
Lumber/WTI Crude Oil and ISM Manufacturing PMI (Leading Indicator) Slower economic growth is expected over the next 14 months. Image: Gavekal, Macrobond
Housing – CME Lumber Futures Price
Housing – CME Lumber Futures Price Lumber prices continue to fall. Will U.S. house prices be more affordable? Image: The Daily Shot
Housing – U.S. Home Prices and Lumber Price
Housing – U.S. Home Prices and Lumber Price Will the housing market boom continue, as U.S. home prices rise to seven-year high? Image: BofA Global Investment Strategy
U.S. 10-Year Government Bond Total Return vs. Price of Lumber
U.S. 10-Year Government Bond Total Return vs. Price of Lumber The surge in lumber prices suggests downside risk for bond prices. Image: BCA Research
Lumber Prices Are a Great Leading Indicator of Future Earnings
Lumber Prices Are a Great Leading Indicator of Future Earnings This chart suggests that lumber prices give a good forecast of where the stock market is going. When lumber prices fall over a 12-month period, then EPS follows 6 months later. Although there is no immediate recession on the horizon, a market downturn is possible. Image:…