Tue, Jan 28, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Listings/IPO/Stock Market more

Why the commodities crush is very good for stocks

Posted on 23 July 2015

With gold, crude oil and other commodities falling, several S&P sectors have taken a big hit. But as the popular CRB commodity index drops to new four-month lows, traders say this is actually a good sign for the S&P 500.
“It’s more of a concentrated weakness,” Ari Wald, head of technical analysis at Oppenheimer, said Tuesday on CNBC’s “Trading Nation.” “We’d be staying away from these commodity-exposed stocks, but for the market as a whole, we don’t think it’s very bearish. We think the S&P 500 can continue to do well.”……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2020
S M T W T F S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728293031