
#45: Michael Oliver On The 'Massive Momentum Structure' In The Stock Market
Superinvestors and the Art of Worldly Wisdom
The Momentum Structure of the Lumber Market
Lumber turned up before most commodities. It went from what might have been old highs, or 400 bucks per thousand board feet, to 1,700 plus. The recent slump we've seen in grains is corrective in our view. Recent slump in copper is not a top that's going to persist into some collapse.
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