It looks like Fed Brainard hawkish speech and Fed's meeting minutes has been digested and has been priced in by market:
Shorters were very lucky last three days because the speech and the minutes saved them. Othewise,...
There has been a rotation in stock market this year and value stocks are expected to perform better. LYC is the most valuable stock in RE sector. Select three big ones from REMX:
Lynas : China Northern RE : MP =33.5 : 38.5 : 74.5 (PE ratio TTM)
Another rotation is commodities are favored by investors and East European war has made it quickly. For example, Buffet bought $7.9 billion Occidental Petroleum stock. RE has a close connection with substitute of fossil fuel, i.e. sustainable energy.
NdPr price will return to its highest as the biggest user, "China floods the economy with stimulus to boost growth, can it avoid US levels of inflation? | South China Morning Post (scmp.com))
IMO, DYOR
It looks like Fed Brainard hawkish speech and Fed's meeting...
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Last
$6.56 |
Change
0.090(1.39%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.53 | $6.58 | $6.51 | $14.95M | 2.285M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $6.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.56 | 6919 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$6.55 |
Change
0.090 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| $6.53 | $6.58 | $6.51 | 732559 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LYC (ASX) Chart |