Are Lagging Lumber Prices a Sign of Things to Come? One of the best ways to learn and become a more well-rounded investor is to listen to differing opinions. That's why I love attending conferences and meeting new people. And of course, it's why I invite a variety of guests onto Making Money With Matt McCall. Hearing opposing viewpoints and having spirited debates can be a game changer in the financial space. Plus, it's always fun to talk with someone who has an unconventional opinion that you wouldn't typically hear on Wall Street. I've invited one such person onto today's show... On this new episode of Making Money With Matt McCall, Michael Gayed joins me. He's the publisher of The Lead-Lag Report, which provides insightful analysis on the economy and market. And he has quite the presence on Twitter – his more than 742,000 followers makes him one of the more popular investment professionals out there. We kick off the podcast by diving into a topic that Michael has discussed a lot on social media recently – the major bear market in lumber prices. The price of lumber is down more than 75% from its March 2022 high. And Michael believes this could be a sign that more trouble is ahead... Many economists believe that lumber is a leading economic indicator that tells us what we can expect from the housing market – specifically related to new homes and construction. That philosophy indicates that the abrupt drop we've seen in the commodity is a bad sign for the future. Michael is of that camp. He believes that lumber is a lagging indicator right now and that bad things are coming for housing stocks, consumers, and small caps. But I don't agree... Recommended Link: | Here's What You Missed Last Night The world-renowned professor who called the 2008 and 2020 crashes months in advance says what's coming will impact 20 times MORE money than the collapse of Silicon Valley Bank and First Republic Bank COMBINED. He's also giving away the name and ticker of a popular stock he believes could go BANKRUPT this summer. Don't wait – click here for the full details. | |
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| While lumber may have been an indicator in the past, it hasn't been the most reliable recently. I explain in more detail in the podcast. But Michael isn't bearish on everything right now... He shares his views on gold, bitcoin (BTC), the emerging markets, and the U.S. dollar. Some are positive... some are negative. You'll just have to tune in to find out which is which. This is a can't-miss episode that brings fresh, intelligent, and exciting new views from a well-known and respected market analyst. Click here to watch the latest episode of Making Money With Matt McCall now. Here's to the future, Matt McCall Editor, Daily Insight May 11, 2023 |