New home prices and existing home sales have been dropping. Blackrock has stopped buying and the ratio of avg sales price/rents are at ATH. Rental yields, outside of purgatories like Texas, are underwater. Salty BAE is dumb as a fucking post. wheeeeeeee! He talked to a construction guy!
Old news for sure!! And check lumber open interest. https://ycharts.com/indicators/cme_random_length_lumber_futures_open_interest Here's an article from April discussing that market... Maybe @Overnight can learn something. https://stockcharts.com/articles/tac/2021/04/lumber-blowoff-and-falling-ope-722.html
You bought a few THOUSAND lumber futures contracts? Well, two bits... A. You must be a multi-millionaire, because the performance bond on front-month futures $9,900 per contract. B. Are you sure you are not exceeding the monthly position limit the CME has in place for holding?
I don't know what bum-fuk part of the country you live in, but around these parts home prices up, home sales up, everything is up. Blackrock stopped buying? Dunno about that, just saw this post, in this forum, which was today. Why is Blackrock buying every single family house they can find, paying 20-50% above asking price? | Elite Trader But I'm going to believe all this shit is going on because some fat dipshit on the internet desperate for attention says its so, rather than believe my own eyes and logic? Nope, you are just a dumb fat fuk, I'll stick to the truth you freaking moron. Go eat some more cupcakes and tell your mom I'm going to be a few minutes late tonight, fatbody.
LOL! Nothing goes over your head Overnight, you reflexes are too fast, you'd catch it. That's his best attempt at humor, weak as it may be lol.