643.55MMarket Cap6.98P/E (TTM)
40.050High39.034Low185.39KVolume39.830Open39.400Pre Close7.33MTurnover1.30%Turnover Ratio7.27P/E (Static)16.28MShares61.35052wk High8.40P/B563.56MFloat Cap33.51052wk Low--Dividend TTM14.26MShs Float6992.675Historical High--Div YieldTTM2.58%Amplitude1.000Historical Low39.516Avg Price1Lot Size
cheerfulknight : Hi, is commodities heading up after rate cuts? With the full unwinding of JPY in the near term and coupled with interest rate cuts, USD will depreciate and stock market would drop too?
iamiam OP cheerfulknight : when the markets drop, everything drops. commodities recover faster and stronger. there is a new round of price discovery coming. for the first time in nearly 50 years, everything will be adjusted.
do I think everything will drop initially in the new price discovery? yes.
do I know when the new price discovery will take place? no, although I can guess September at the BRICS meeting.
I just know I want to hold commodities because they trade 1:1, nvidia, for example, trades at 40 times profit to earnings. which one gets sold first during price discovery
cheerfulknight : What is your analysis for QQQ and SPY today?
iamiam OP cheerfulknight : today, Friday the 6th? flattish to down. I don't like anything yet.