Are bubbles beginning to pop?
1. Lumber futures down 50% Price of 2X4's on the way down.
2. Crypto washout . . . down nearly 50% recently. Bitcoin recovery to above $40,000. Can it hold?
3. Corn down nearly 10%, Wheat breaking, soy/palm oil sliding
4. Box beef prices sliding seasonally
5. Gold breaking recent uptrend . Retest $1,800?
6. Copper now off 8 percent from recent highs.
What glue continues to hold?
1. Equities still foraging at record highs.
2. Real estate insanity continues.
3. Crude oil $70 plus . . . summer driving demand supporting.
Fed meeting this week . . . funds concerned that Chair Powell may mention the word 'taper'. Volatile week possible . . . .
1. Lumber futures down 50% Price of 2X4's on the way down.
2. Crypto washout . . . down nearly 50% recently. Bitcoin recovery to above $40,000. Can it hold?
3. Corn down nearly 10%, Wheat breaking, soy/palm oil sliding
4. Box beef prices sliding seasonally
5. Gold breaking recent uptrend . Retest $1,800?
6. Copper now off 8 percent from recent highs.
What glue continues to hold?
1. Equities still foraging at record highs.
2. Real estate insanity continues.
3. Crude oil $70 plus . . . summer driving demand supporting.
Fed meeting this week . . . funds concerned that Chair Powell may mention the word 'taper'. Volatile week possible . . . .
Comment