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Some predictably dull bank research following the CBA results yesterday. Looks like the sector may have done its dash for the moment. A few more results out today, with disappearing dividends the theme of the day for some perpetual poor performers. The iron ore price keeps pushing higher. Today we have a piece on “Great Correlations” – explaining why there is little point analysing the company fundamentals or analyst target prices on resources stocks because they quite simply move when the underlying commodity prices move. Makes for a fabulous trading sector. The charts need to be seen to be believed.
CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST
Some predictably dull bank research following the CBA results yesterday. Looks like the sector may have done its dash for the moment. A few more results out today, with disappearing dividends the theme of the day for some perpetual poor performers. The iron ore price keeps pushing higher. Today we have a piece on “Great Correlations” – explaining why there is little point analysing the company fundamentals or analyst target prices on resources stocks because they quite simply move when the underlying commodity prices move. Makes for a fabulous trading sector. The charts need to be seen to be believed.
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