Lumber (adj.): move in a slow, heavy, awkward way
Okay, well Lumber has been heavy, I grant you. But it is not lumbering or awkward, it is decisively power diving right back to that from which it came, a congestion area including clear lateral support and now the SMA 200.
While outside of my usual wheel house, I know that Lumber is followed by a many traditional market and economy watchers for its signals about the wider macro. Sort of like the Transports, I guess. I should get up to speed on it (email me if you have a strong view) because Lumber is either presenting a big opportunity to get on board something or indicating something going wrong in the economy.
Here is one industry guy’s view. Interesting to say the least.
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