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In just the last 5 days This morning market participants are seeing more reasons to move away from riskier assets like stocks With the news the U.S. is telling families of its diplomats in Ukraine to leave that country in case of Russian hostilities Right now London's 100 share index is down 1% Germany and France are down one and a half percent and U.S. stock index futures turned down in the last two and a half hours add to this a U.S. Federal Reserve policy meeting on interest rates and inflation later this week Here's marketplaces novos safo David ware money is flowing in and out of tells you a lot right now oil prices are around a 7 year high as Russia is threatening military invasion of Ukraine Russia is of course a major oil and gas supplier the U.S. and Europe have promised a strong response The question is what would it look like if Russia Russia and faith what would that response be and what would it do if anything to global oil supplies we just don't know yet Meanwhile stocks are in a sell off especially tech stocks which reached very high prices during the pandemic so many investors see them as riskier now especially if the fed starts raising interest rates sooner and faster than Wall Street has been expecting The NASDAQ composite index which includes a lot of tech companies is down about 13% for the year That's in just three weeks It's only late January It's been a rough few weeks for tech stocks Yeah and recently when we've seen dips in prices investors look for bargains and there's a jump in buying the next day not so much in recent days Yeah not so much that pattern doesn't appear to be holding this time around at least not on a big scale They've also been some disappointing headlines with regards to recent corporate earnings reports Netflix last week of course reported as we reported surprised by projecting subscription growth will be slow a lot over the next few months That adds to the uncertainty suggesting the effects of pandemic are stimulus or waning What might change the narrative is the fed We'll see what comes out of their policy meetings tomorrow on Wednesday And Wednesday nova thanks Tao and S&P futures are down three 10% now for the NASDAQ down 5 10% Somebody's going into bonds with the ten year interest rate down at 1.73% Now to a story about how pandemic distortions and a terrible storm about two months ago in Western Canada is affecting the building of new houses and home renovations in the U.S. this week will get an update on new home sales covering December in the U.S. and the increased cost of building materials will be a factor Think lumber with prices up by almost a third since September marketplace is Justin Ho has that A lot of what's been going on with lumber prices has to do with the supply of Canadian lumber Mark Fleming is chief economist at first American Canadian pine is highly sought after for home building because of its strength And in November a major storm hit British Columbia Washing out the rail lines that lumber mills rely on Brian Leonard is a lumber analyst with RCM alternatives It stopped shipments by a good 20% And a 100% certain places Leonard says that complicated the supply chain problems the lumber industry had already been dealing with Less truckers less rail employees because the COVID showing up and things like that So the whole system kind of broke down At almost the same time last year a 40 year ongoing trade dispute with Canada came to a head says Rachel Brewster a professor at duke law school The core of the dispute between the United States and Canada is whether or not Canada subsidizing their lumber industry And in November the commerce department doubled its tariff on Canadian softwood lumber imports to almost 18% Doubling the tariff rates I mean that is going to increase the price of lumber This is also happening while the Canadian lumber industry is dealing with another older.

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