Economic Collapse

[tw0122]

Nearly every major correction, crash, and bear market has been preceded by weakness in lumber,” he told MarketWatch on Thursday. “The collapse over the last few weeks is a warning sign that the storm may already be here.”

Lumber prices have, indeed, shown signs of weakness lately after kicking off a rally back spring that ultimately led to record highs amid optimism the U.S. economy, battered by the coronavirus lockdown, would bounce back. Gayed, in his widely followed Lead-Lag Report, warned last Friday of an imminent decline and positioned his fund accordingly. The call proved timely considering the direction of the major indexes earlier this week.

https://www.marketwatch.com/story/that-stock-market-storm-investors-are-so-worried-about-its-already-here-warns-fund-manager-whos-returned-50-this-year-11600971002