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Odd Lots

Why Lumber Trader Stinson Dean Says the Great Short Squeeze Is Over

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Record Lumber Prices Build as U.S. Housing Booms

In case you’ve missed it, lumber has been on a five-day losing streak. After an incredible run that’s captured national attention, it’s the longest selloff since the very beginning of the year.

And at least one lumber trader thinks the great squeeze is over. On Twitter earlier, Stinson Dean (a previous Odd Lots guest) tweeted: “That’s it. I’ve seen enough. Lumber squeeze of 2021 is over. I think cash will follow soon. Where’s the floor?”