The Federal Reserve's decision and commentary that risks were no longer balanced, growth has slowed and that it is "closely monitoring global economic and financial developments" means IMHO FED interest rate rises r no longer viable and Yellen recognizes that. USD will stay lower, AUD higher, NZD higher and China growth rate will pick up as PBOC will stimulate as long as Xi remains PRC President IMHO but pls DYOR.
Macroeconomic outlook in the western world, China, India, Western Europe including England, Australia and NZ is overwhelmingly positive for an integrated iron ore and oil producer such as BHP/ BLT/ BBP.
Probably good for GLEN, RIO, AAL and S32 as well.
Yellen's commentary probably spells that we r close to the end of the bottom in resources IMHO but pls DYOR.
Bottoms In (at least in the short term), page-122
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$40.94 |
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Mkt cap ! $207.6B | |||
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