Why Lumber Futures Surge Is an Ominous Sign, Veteran PM Breaks It Down
Michael Gayed manages the ATAC US Rotation ETF and ATAC Rotation Fund. His ETF rotates around risk-on and risk-off assets based on the price of lumber relative to gold. He says the lumber-price surge is ominous and offers advice on how investors can protect themselves. The price of lumber has quadrupled from a year ago. Or, in the words of the investor Michael Gayed, "it's gone the way of bitcoin." Indeed, as May and July lumber futures on the Chicago Mercantile Exchange reached a record high above $1,600, even the crypto exchange FTX entered the game by launching a lumber-futures market on ...
Source: businessinsider.com