the spread on the libor is extreme as well , an indication of stress in the system some would say
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Pretty soft opening today ... hopefully sign of relative immunity for NZX :)
Well today my portfolio to a mighty big wack.. I guess I’m not the only one though
Short term speculative activities have dominated markets. Going forward after stocks violent price swings can be expected for commodities and bit coin.
https://www.express.co.uk/finance/ci...o-USD-Coinbase
So far Asian markets are looking stable despite imposing tariff for 128 US products.
https://www.cnbc.com/2018/04/01/china-announces-new-tariffs-on-us-meat-and-fruit-amid-trade-war-fears.html
China announces it's imposing new tariffs on 128 US products
https://www.reuters.com/article/us-g...-idUSKCN1H901J
Asia stocks start new quarter on front foot, dollar steady
Good question?
Who knows SCL could get some export orders. My only concern is its extended P/E ratio but it has outperformed the packaged foods and meats industry on the basis of its ROE in New Zealand. As any stock has fair value, I expect correction in this stock too once it hit the top. It must have hit the top or could hit once more in this long bull market.