Commodities Collapse, but Equities Stabilise
Nicholas Forsyth
Market Matters
Last night, Crude Oil fell 7.5%, Iron Ore 5.4% and Copper 3.5%, while US equities were only down ~0.5%, basically dismissing all things Greece. Trading opportunities in the commodities space may be the next buy signal this very volatile market generates. At MarketMatters we have repeatedly been predicting fresh lows in Fortescue Metals (FMG) and Santos (STO), these were achieved yesterday for FMG, the question is, when does the selling reach panic levels and generate some potentially great trades? Markets remain very volatile at present, leading to pricing extremes in different sectors at different times i.e. both overpriced and underpriced. For example Commonwealth Bank (CBA) crashed 18% into panic lows in mid-June when the ASX200 was trading ~5470. Yesterday, the ASX200 closed at the same level, but CBA has rallied over 9% from the June lows. Hence the answer to the most popular question at present: (VIEW LINK)
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Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self Managed Super Fund (SMSF). As a member, you will receive twice daily and weekly trading and investment advice focusing primarily on ASX equity investments. Additionally, we share his market positions and provide an ongoing outlook on key stocks and markets that matter. We provide clear share trading and investment buy and sell recommendations with the clear aim of outperforming the market. https://marketmatters.com.au/
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Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
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