Lumber Futures Prices versus S&P 500 Index Performance Chart
One unsung market indicator is the price of lumber. It is a key indicator of the economy (home building, business expansion) and that often finds its way to the stock market.
In today’s chart 2-pack we look at long-term “quarterly” charts of lumber prices and the stock market… and why both are signaling caution thus far this month.
As you can see, both lumber prices and the S&P 500 are in the midst of creating there largest quarterly reversal patterns in 30 years!
Time will tell if these two markets are sending an important warning to investors (and the economy)… or perhaps they are just noise. Stay tuned!
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