About meCMT & CFA charterholder. Utilizing charts & data to cut through the noise.
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Here's a monthly chart of $IWD /$IWF (black line, rhs) and the US 10yr yield (orange, lhs) going back 15 years or so. The bottom panel here is the rolling 36month (aka 3yr) correlation between these two. As you can see, the rolling correlation currently sits at 0.88. While not quite as high as a few months ago, it seems...
$LUMBER - Pushing back towards all time highs, however the 12Month ROC is still extremely elevated, in the 99th percentile of all time, likely a bit extended and the supply/demand dynamics should start stabilizing as (knock on wood) these second wave of lockdowns ease up