this is the main valid reason why RNU's share price is suffering. It really is this simple - materials sector down 5%
Mr market is not interested, money has moved elsewhere. Any talk about accumulation by "the big boys" is pure garbage as the opposite is happening. Quotes like "great place to be parked" and "go to where the puck is going" etc couldn't be more off the mark. Great stocks to park your cash long term are the proven winners in their individual niches such as WTC, XRO, CAR, REA etc
In regards to money flows, that 60.07% you see above is IT sector. Consumer discretionary, which is a rick on sector, is up 29%. 2024 has been a huge year and I truly feel sorry for anyone that has most of their portfolio tied up in Materials. If it weren't for precious metals that -5% would be A LOT lower.
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