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Over the last 30-months, Lumber and Homebuilders have been much stronger than the S&P 500.
Both were upside leaders as Homebuilders gained 50% more than the S&P and Lumber doubled S&P gains since 1/1/16
Not only did they outperform the broad market to the upside, they actually were leading indicators of good things to come as they started pushing sharply higher “before” the S&P!
Joe Friday Just The Facts– Both of these leaders are breaking rising support at each (1), which could be sending an important message to the broad markets.