Jorma Posted August 26, 2020 Report Share Posted August 26, 2020 Shades of 08. ConCon moving down as stocks soar. Link to comment Share on other sites More sharing options...
jp6 Posted August 26, 2020 Report Share Posted August 26, 2020 FAMANG stocks were bid higher the majority of stocks were overwhelmed by selling pressure Link to comment Share on other sites More sharing options...
Hobbiewood Posted August 26, 2020 Report Share Posted August 26, 2020 Definitely, nothing to worry about here either. Even if this is a bad storm, under no circumstances will there be others like it this season. https://www.nhc.noaa.gov/graphics_at3.shtml?start#contents Link to comment Share on other sites More sharing options...
Jimi Posted August 26, 2020 Report Share Posted August 26, 2020 My understanding - or, misunderstanding - is that the lumber mills massively reduced capacity/inventory in spring in anticipation of leaner times and diminished demand. But then... funny story. The US gubmint incurred trillions of dollars in debt, and demand for lumber remained robust. So, if you are going to point to lumber price as an inflation indicator, please be prepared to do so again in 6 & 12 months' time. Link to comment Share on other sites More sharing options...
Jimi Posted August 26, 2020 Report Share Posted August 26, 2020 That is, when mill-capacity & demand re-equilibriate. https://www.constructiondive.com/news/lumber-prices-soar-due-to-shutdowns-higher-demand/583899/ Link to comment Share on other sites More sharing options...
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