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Lumber continues to crumble

Aug. 02, 2018 3:08 PM ETWeyerhaeuser Company (WY) StockPCH, PKB, WY, XHB, ITB, RYN, HOML, CLAW, NAILBy: Stephen Alpher, SA News Editor23 Comments
  • Lumber futures are down another 3.4% today, bringing the cumulative decline since mid-May to nearly 33%.
  • Is it an economic leading indicator or just speculative action reversing?
  • Notable timber names today: Weyerhaeuser (WY flat), Rayonier (RYN +1.2%), CatchMark Timber Trust (CTT -0.2%).
  • Homebuilder/construction ETFs: XHB, ITB, PKB, NAIL, HOML, CLAW

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