The Goldilocks economy, coupled with the end of the rate hiking cycle, has investors giddy, which eases financial conditions.
Despite efforts to decarbonize the global economy, oil still remains one of the world’s most important resources. It’s also produced by a fairly limited group of countries, which can be a source of economic and political leverage.
There’s been a lot of talk about bubbles recently as the S&P 500 scales new heights.
Uncomfortably comfortable sort of describes this market, led by Oil and a couple Ai-related stocks, but not feeling as robust as the S&P level might hint to a casual observer of the action.
Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium, specialty and standard potassium fertilizers, iodine, and solar salts. Over the past year, SQM’s share price fell 40% from $80.96 to $48.50.
DAX Remains In Strong Bullish Trend, as we see it extending higher within wave 3 of III of a five-wave bullish cycle by Elliott wave theory.
Investors want the market to march forward, and it may succeed in the very short-term, but this particular S&P phase is long-in-the-tooth, and for that matter momentum is slow.