I think todays S P. give back is more of a reaction to the ratings downgrade for USA debt.
I think it would be unwise to underestimate the importance of the USA going from AAA to AA+.
Interest rate will rise tomorrow, and the USA stock futures are deteriorating as we speak.
On a separate issue, MP Materials is getting taken to the wood shed these past days. Perhaps some of the key banking houses are realizing that MP Materials/Moutain Pass simpmy cant make money with less than exorbitant RE prices. That was the nail in the coffin for Molycorp after the last RE collapse.
I think our S.P. will wont be so ugly later in todays session.
Just a few personal thoughts.
I think todays S P. give back is more of a reaction to the...
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Last
$6.12 |
Change
-0.030(0.49%) |
Mkt cap ! $5.720B | |||
| Open | High | Low | Value | Volume |
| $6.13 | $6.17 | $5.99 | $31.54M | 5.188M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $6.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.12 | 43410 | 2 |
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| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$6.08 |
Change
-0.030 ( 1.46 %) |
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| Open | High | Low | Volume | ||
| $6.14 | $6.17 | $5.99 | 9068148 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| LYC (ASX) Chart |
