Its going to be fascinating to see what happens here as what has occured is the latest spike in commodity prices appears to have pushed inflation expectations over the edge and triggered a correction in high PE stocks. This was always coming, could see it a mile away.
High PE stocks are very sensitive to changes in interest rates as it directly related to the PE multiple the market is prepared to pay for these stocks, tech will be the first to experience that.
However it would seem hyprocritical for resources to get dragged into that as it's their profits which are causing it all. I'm comfortable with an over exposure to resources in that scenerio.
But FMG may cause a tantrum in the rest of the market!
Its going to be fascinating to see what happens here as what has...
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Last
$18.29 |
Change
0.150(0.83%) |
Mkt cap ! $56.31B | |||
| Open | High | Low | Value | Volume |
| $18.14 | $18.38 | $18.02 | $164.0M | 9.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10275 | $18.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 2897 | 2 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |