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.
LYC Price at posting:
$6.86 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)