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Thread: Good news from China could boost materials shares

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    Post Good news from China could boost materials shares

    Good news from China could boost materials shares

    Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China's economy could bolster shares of materials companies. Shares of S&P 500 industrial and technology companies, which were buffeted by last year's tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output.

    https://finance.yahoo.com/news/good-...html?.tsrc=rss


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  3. #2

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    Default Re: Good news from China could boost materials shares

    Quote Originally Posted by NewsFeeder View Post
    upbeat sentiment around China's economy could bolster shares of materials companies.
    Above article was from 4/27. Big money has been positioning into Basic materials despite all the FAANG hoopla.

    Below from Argus Research 8/3:

    The leader of the pack in 3Q20 was Basic Materials (IYM), with a 7.4% gain as prices for copper and iron ore tracked signs of China’s recovery.

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    Default Re: Good news from China could boost materials shares

    S&P 500 Materials index just hit an all time high today.

    Ticker: $SPM

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