I am somewhat peeved that FMG significantly underperformed against BHP and RIO yesterday … for reasons that aren’t clear to me … this on what was effectively a positive day for iron ore.
Without knowing what @convexity might have to say this morning, with iron ore down, and BHP/RIO down significantly overnight in the UK and US, FMG doesn’t have the buffer of a good day yesterday for what should be a down day for the three of them, notwithstanding a 0.7% drop in the AUD overnight.
Dex
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