Does the hang seng sell off near close like most days this time?
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dilobenj17
@dilobenj17
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Earnings won’t be good (for reasons already telegraphed). The question is has the market priced that in or will Rivian get punished more? Q2 and Q3 earnings will be much more important IMO.
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Kevin the turnaround is because Federal Reserve signaled 3 rate cuts in 2024
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Are miners signaling a sell off in gold/silver?
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My guess is higher oil price put downward pressure on metals. Generally speaking, mining costs have dramatically increased while metals went sideward or lower the past couple of years. I wouldn’t be surprised if metals need to go 10%+ (or mining stocks anticipate metals will go that much higher) before mining stocks make any meaningful gains.
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