The Homebuilder Hope Trade Deja Vu

zerohedge.com / by Tyler Durden on 01/28/2015 21:20

We warned recently that the most highly correlated commodity to economic data was flashing red, but today we note that Lumber and Homebuilders are diverging in a dreadfully deja-vu-ic manner (just as they did in 2005, marking the top). While the relationship is ‘loose’ it seldom diverges for long…