The whole picture in only revealed afterwards

so the previous post shows the chart up until I issued a Sell advice on Lumber,

but the chart below shows the whole picture before and after….

My late July 2020 Sell advice followed a 42% rise in 40 days, which is exceptional for any asset let alone a physical commodity.

Lumber then rallied a further 74% over the next 6 weeks before falling 36% this past week.

A bull market coupled with euphoria, mania and mean reversion all within 3 months.

Hopefully, homebuilding costs in the United States reflect the sudden and lower prices?

September 17, 2020
by Rob Zdravevski
rob@karriasset.com.au