5 Charts tracking how economy is recovering

[tsptalk]

Good signs. Could be China related, but still good.

 

[Bullitt]

“A lot of saw mills closed up shop and moved into doing maintenance and repairs, figuring demand would drop with people losing their jobs and watching their spending,” said Leroy Ball, chief executive of Pittsburgh’s Koppers Holdings Inc., which makes chemicals used to treat wood for decks, fences and utility poles. “What happened was just the opposite.”

Lumber and plywood started flying off shelves.

“People didn’t go on vacation,” said Leiby Wieder, who manages Tri-State Lumber in Brooklyn, N.Y.’s Greenpoint neighborhood. “They stayed home and built decks, they built fences, they built pergolas. Anything and everything.”

https://www.wsj.com/articles/america-is-on-a-lumber-binge-11594305886

Lumber futures below. What an ascent. I'm wondering the the same will happen to oil when things get going again. All those wells shut down, bankruptcies, etc.

 

[tsptalk]

Lumber futures taking off past two weeks = bullish home building stocks.

Copper too, but the falling dollar may be helping there as well.

 

[TommyIV]

Makes sense. Anybody with any money and credit has got to be locking in low rates on loans right now.

 

[Bullitt]

Home purchases through the roof and all we're hearing about is how bad the economy is.

Lumber futures taking off past two weeks = bullish home building stocks.

 

[tsptalk]

Here are five charts that track how the U.S. economy is recovering from coronavirus

With states continuing to lift coronavirus restrictions, people across the U.S. have felt more comfortable traveling, taking transit, eating out and even moving to a new home.

https://www.cnbc.com/2020/06/21/her...s-economy-is-recovering-from-coronavirus.html