- June 28, 2021
- Posted by: Stratford Team
- Category: Business
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Many commodities from copper to lumber have dropped from their peak pandemic prices, easing the most acute worries about an inflationary spiral. But investors remain bullish on many of them, arguing they still look cheap.
Stocks in this Article
GS THE GOLDMAN SACHS GROUP, INC. BAC BANK OF AMERICA CORP.
Copper is down 10% from a record it hit in March. Front-month futures for corn and soybeans are off their May highs by 13% and 19%, respectively. Hogs have lost 17% this month.
Federal Reserve Chairman Jerome Powell recently said lumber’s dramatic arc showed how the sky-high materials costs that characterized the reopening economy were the result of supply bottlenecks and other factors that aren’t expected to last as the world’s economies move further from lockdown. Lumber futures have fallen 54% after shooting up to more than four times the average price during the most recent springs before the…
