EP 180: $500 Lumber? The Market Is Sending a Message
The lumber market is getting interesting again—and the signals aren’t exactly lining up.
Ashley, Gregg, and Matt break down a market where demand remains “punky,” western species flailing, studs are showing slight signs of life after deep counters, and lumber futures are trading at a steep discount to cash. The big question: Is November lumber really headed toward $500—or is the futures market getting too bearish?
Gregg lays out the technical case for why $500 is at least possible, while Matt sees real value developing at current levels and argues that some of the best buying opportunities…
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