It is no surprise that Timber related stocks have rallied sharply given the path of destruction that Hurricane Harvey and now Hurricane Irma have leveled in the Atlantic, Caribbean, and the Gulf Coast, and today we look at the two ETF plays in the segment.
From Tyler Durden: Speaking during a first of its kind meeting dedicated only to members of the U.S. conservative media, including Breitbart News, OANN and Daily Caller, President Trump told reporters to expect a 20% tariff on softwood lumber coming into Canada.
As if you need more proof that inflation is finally starting to pick up, lumber prices rose to a 12-year high last week, supported mainly by expectations that steep duties will soon be levied on cheap softwood imports from Canada.
Yesterday, Canada was in the headlines thanks to Prime Minister Justin Trudeau’s very public meeting with President Trump, and one cannot talk about Canada without mentioning timber, which has been a staple of the country’s economy since the 1800’s.
From Zacks: Amid the ongoing controversies pertaining to Trump’s plans and policies regarding immigration curb, travel ban, border tax, termination of trade agreements as well as his desired repealing of the Dodd-Frank Act and fiduciary laws, investors will definitely want to bet on some safe areas.
NYSE:TOL, NASDAQ:WOOD, NASDAQ:CU
NYSEArca:GLD, NYSEArca:CUT, NASDAQ:WOOD
NYSEARCA:CORN, NYSEARCA:PPLT, NYSEARCA:SOYB, NYSEARCA:UGA, NASDAQ:WOOD
NYSE:CX, NYSE:FCX, NYSE:PCL, NYSEARCA:XHB, NYSEARCA:ITB, NYSEARCA:CUT