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.



How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past