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Lumber Price Peak Raises Concerns For Equities

By Chris KimbleCommoditiesJan 28, 2022 03:03PM ET
www.investing.com/analysis/lumber-price-peak-raises-concerns-for-equities-200616339
Lumber Price Peak Raises Concerns For Equities
By Chris Kimble   |  Jan 28, 2022 03:03PM ET
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The supply chain has dealt with several issues over the past couple of years, as consumers and businesses have been forced to navigate a tricky COVID landscape.

Commodity prices (in general) have risen, while enduring some big swings.

Today we look at a commodity that plays an intricate role for consumers, and perhaps the equities market as well – lumber. When lumber prices are high, new homes and buildings cost quite a bit more.

Above is a weekly chart of lumber prices. As you can see, there have been times when a lumber peak/bottom have been important for equities (S&P 500 Index). Lumber prices have recently rallied back to the 61.8 Fibonacci retracements of the past years high-low at (1) and appear to be turning back down.

Stock bulls might be hoping that lumber is not topping at (1). Stay tuned.

Lumber Price Peak Raises Concerns For Equities
 

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Lumber Price Peak Raises Concerns For Equities

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Comments (4)
Chad RicherThanYou
Chad RicherThanYou Jan 29, 2022 6:12PM ET
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This analysis made mike hawk very hard
Rep Austin Scott
Rep Austin Scott Jan 29, 2022 8:32AM ET
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I love that
Md Rokon Md Rokon
Md Rokon Md Rokon Jan 28, 2022 11:21PM ET
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nice
Gus McCrae
Gus McCrae Jan 28, 2022 6:06PM ET
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i love your especial analysis and approach looking usually at the big big picture and loong term. however linking lumber to the stock market it's too far fetched even for this column :-) keep it on anyways, I love your articles
Paul William
Paul William Jan 28, 2022 6:06PM ET
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hello dear friend
 
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