If positive trade comments are not moving markets are investors finally exhausted by headlines?
Joel Elconin joins me today to comment on the optimistic comments out of the US and China regarding the Phase 1 trade deal and it’s progress. Although China is seriously lagging on it’s commitments in the deal both parties said it is still in tact. While these are just comments the markets don;t seem to care. This is part of a bigger narrative for the markets.
We also discuss the Dow vs S&P in terms of how they are composed and why one is better to follow than the other. As well as the continued lack of breadth for the markets.
China NEEDS the grain imports after their loss due to floods.
(MQR) (MRQRF) Monarch Gold Corporation Announces Upsize to Previously Announced Bought Deal Private Placement of Flow-Through Units to C$10 Million
by @newswire on 25 Aug 2020
https://ceo.ca/@newswire/monarch-gold-corporation-announces-upsize-to-previously
I haven’t seen this much financing of mining in the last 30 years…..there must be 20 companies a day raising money. A pity so many stupidly give warrants.
Yes, most mining companies now give away warrants with their financing raises now. One of the few that didn’t recently was (MAI) Minera Alamos, and President Doug Ramshaw said he “was ready to die on that hill…” of not having warrants attached.
Good details ………JMO
https://markets.businessinsider.com/news/stocks/dow-jones-industrial-average-shakeup-exxon-pfizer-raytheon-removed-2020-8-1029531716