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The S&P 500 Materials sector closed this trading week in red, down 3.83%. The Materials Select Sector SPDR (XLB) also registered a 3.66% dip. Most industrial metals stumbled on Friday amid concerns that Chinese COVID lockdowns and rapid monetary tightening will suppress met...
The S&P Materials sector and the Materials Select Sector SPDR (NYSEARCA:XLB) concluded the trading week with a slight dip of -0.7%. Copper and aluminum prices rebounded on Friday following two days of declines, helped by tight supply, firmer oil prices and hopes of more Chinese stimu...
The S&P Materials sector was down -0.3% this week and and the Materials Select Sector SPDR ETF (XLB) dropped -0.2%. Gold miners made gains this week; Comex gold's 5.9% rise in Q1 marked the metal's best quarterly showing since Q2 2020, with Russia's invasion of Ukraine, inf...
Follow the Money is a series of brief, information-rich posts that I will publish periodically but not on a fixed schedule. After rallying for 9 of the last 11 days, the S&P 500 went from down -13% to down just -3.4%. Growth has been hit hard by the slide in tech stocks this y...
The S&P materials sector was +4.1% for the week, becoming one of the top gainers among the eleven S&P 500 sectors. The Materials Select Sector SPDR ETF (XLB) also ended the week in green, with a 3.7% growth. Aluminum prices in London jumped at the start of the week...
Headed into the 2021Q4 earnings season, the materials sector had the 2nd highest revenue and earnings growth estimates. Revenues were ahead of expectations as 75% of companies reported better than expected results and materials had the 2nd highest revenue growth rate (27.0%). Desp...
Inflation and its implications for real economic growth are the main portfolio positioning consideration of the conflict in Ukraine. On the 8th of March, the U.S. sanctioned Russian energy imports, giving companies 45 days to comply. Higher commodity prices are not the only factor...
Base metals continued to make record gains as the Russia-Ukraine crisis escalates. Comex copper futures (HG1:COM) settled at a record high $4.938/lb on Mar. 04, capping a 10%-plus gain since Russia launched its invasion of Ukraine more than a week ago. April Comex gold (XAUUSD:CUR) also touch...
While nominal asset classes such as equities and fixed income have had a negative response to inflation surprises, real assets such as commodities have historically tended to be effective as inflation hedges. Over the past year, pandemic-induced supply shortages and demand spikes have...
Russia’s invasion of Ukraine, the biggest conventional military attack in Europe since World War II, has wide-ranging implications for economies and markets around the world. Disruptions from this war and the higher energy prices that result could significantly dampen Europe...
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2024-05-22 19:38:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-03 01:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-13 09:00:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...