End of quarter rebalancing. Green, gold, EV stocks in focus. And the ASX's biggest miners
We spoke about everything from the risk of a US market correction, as in the S&P500 could fall 5-7% from its current levels. BUT market bulls could buy into any weakness should the market fall 5-7%, because end of quarter rebalancing will likely take effect, plus the notion remains that this year is going to be a strong year for shares.
I also spoke about why green (#lithium), #gold and#ElectricVehicle stocks, will be in the spotlight this week, along with Australia's commodity companies. Plus we need to consider that #IronOre price is up 11% from its low and the #Coppe rprice is up 14% from its now. Many are thinking that China, the biggest consumer of these metals has its bad news behind it, which supports our big miners (#BHP $BHP Group Ltd(BHP.AU$ ,#Rio $Rio Tinto Ltd(RIO.AU$, #Fortescue $Fortescue Ltd(FMG.AU$ ) shares moving up
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Moomoo Official Market Strategist
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gbsurfer : Thanks for sharing.
Kakakala12 : That's the point.