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For us in Houston that’s a tough set up charts to watch. It has been one way since the GFC bottom and this years action has been running up as you show pre the storms.
That sell off after Harvey was a doozie – always like to speculators preying on other’s misfortune hurt (karma I say) That gap filled and then some. Will be interesting if Trump repeals the tariff would be smart politics all-round. Plus they haven’t had much luck in the repeal game up to know.
Very true on the speculators – though you would like to think some of this is hedging. Lets hope POTUS and his team see the opportunity with Canada here and do the right thing for the people. You can’t underestimate the pain ordinary folk are feeling right now.
Just read your article on gypsum – great work and analysis thank you for sharing with us.
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