This is the current hangover from the euphoria of a straight line assumption of the demand curve. Typical boom-bust scenario and the pain will test the sector or survivors. I remember the 2015-16 iron ore sector where the harder the commodity falls, the harder the suppliers will crank out their output because it is a matter of $ instead of margin. Unfortunately this is how we will find out who survives and perish in this cut throat game.
I would not be laughing if you look at the sector makeups, none are what LT holders were expecting. However great value for investors prepared to suffer some pain and reap rewards in the future, a replay of iron ore of the recent past. The problem is which one can withstand the continuing commodity price falls?
AJM Chart, page-6065
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Open | High | Low | Value | Volume |
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