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Anyone want to take a stab at why WY has declined so much? It's down nearly 20% over the last 4 months. I understand tariffs were placed on Canadian lumber, but there's got to be something more going on here. It's technically broken right now and on my watchlist. I've been trading around a core position over the last 5 years and I'm eying another buying opportunity. So far the right move has been to wait.
I would think the knee-jerk reaction would be a slight increase interest for lumber given the hurricanes (trader-bait), but perhaps demand has greatly decreased as the homebuilders appear to be slowing down. I may have just talked myself into another pair-trade. Going long HD/LOW, while shorting homebuilder ETF...although I'm probably a late on that one.
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