The Rising Influence of Rising Affluence

[DewDiligence]

Canadian wildfires may (partially) explain WY’s recent strength:

https://www.wsj.com/articles/canadian-wildfires-choke-lumber-supply-to-u-s-home-builders-1500721204

Lumber futures have soared in July as blazes spread across the province of British Columbia, leaving many U.S. wholesalers short-handed. Lumber dealers ran down their inventories this year as a trade spat between the administration of President Donald Trump and Canadian officials sparked wild price swings. Then Canada’s wildfires, a threat every summer, turned out to be the hardest on the lumber industry in more than a decade.