The most economically-sensitive commodity [2] is plunging once again. Lumber prices have cratered today to their lowest since June 2013, seemingly tracking the collapse in US Macro data over the last 2 months. First it was Lumber Liquidators, and now the underlying is seeing the biggest weekly drop in six months (and down 5 weeks in a row). As a reminder, the last time lumber and stocks diverged like this... it did not end well...
First it was Lumber Liquidators...
[3]
Timberrrr.....
[4]
Deja vu...
[5]
Charts: Bloomberg
