WOOD News and Press, iShares S&P Global Timber & Forestry Index Fund From 07/01/22

Basic materials sector plunged 14.1% for the month of June and 19% on YTD basis. The industry is trading at a PE ratio of 24.3x, lower than its 3-year average PE of 27.1x. Analysts are positive on the Construction Materials industry with annual earnings growth expectation of 19% ove...

When market conditions change or at times when our trading begins to rack up losses, the best thing we can do as a professional is to go to cash. Over the next 12 to 24+ months, we expect very large price swings in the US stock market. Historically, bonds have served as one of the...

The material sector closed this trading week in green, with S&P 500 Materials registering 2.53% gain and the Materials Select Sector SPDR ETF (NYSEARCA:XLB) up 2.07%. Iron ore prices fell over 8% on Monday as steel mills idled blast furnaces due to growing pessimism over th...

The S&P Materials sector closed the trading week in red at -5.27%. The Materials Select Sector SPDR (NYSEARCA:XLB) was also down around 6%. Gold and palladium witnessed sharp declines on Monday, as the dollar rallied on the increasing likelihood of steep interest rate hikes by t...

The S&P Materials sector closed the trading week in red at -6.73% as copper and other industrial metals fell in the wake of recession concerns and renewed COVID-19 restrictions in China. The Materials Select Sector SPDR (NYSEARCA:XLB) was also down 6.55%. Three-month copper...

Chicago lumber futures fell as low as $568.40 per 1,000 board feet on Wednesday to the cheapest since September, according to Bloomberg, as higher interest rates and soaring home prices begin to take a toll on home sales. July lumber (LB1:COM) settled at $573 per 1,000 board feet, extending t...

High energy prices will be a major political problem in both the European Union and the United States, especially if we get to $150 this summer. Any move in bond yields above 3.20% will be a major problem for the stock market. A slowdown in construction and improved supply to the ...

The fundamentals for lumber, like a lot of commodities, had been favorable. Supply bottlenecks and persisting pandemic plight would limit how much production could make it to market, inelasticity taken for granted as somewhat permanent/durable, thereby constantly susceptible to what other...

The S&P Materials sector closed this trading week in green with a marginal gain of 0.30%. The Materials Select Sector SPDR (XLB) was also up +0.66%. Lumber futures fell to seven-month lows this week, in a stark reversal from all-time highs set last year during the COVID-fueled homebuildin...

The S&P Materials sector closed this trading week in green at +1.95%, one of the top gainers for the five-day period. The Materials Select Sector SPDR (NYSEARCA:XLB) was also up +1.01%. Copper prices extended recent gains on Friday on optimism about a revival of demand in top me...