this guy like non stop AYS.... ofc trend reversal you keep trying to pump news out and it already drop so much from the peak. a bit hard to drop further unless bad news or force sell happens. from downtrend to side way is also trend reversal lol. steel counters no more POWER already
Steel price is forecast to retreat in 2022 as the rally is over globally, but US prices are likely to see some upside with the signing of President Joe Biden's Infrastructure Bill into law in November.
Fitch Solutions on 23 November its note revised up steel prices for 2021 to $950 per tonne, from a previous forecast of $920 per tonne, but the price is forecast to drop to $750 per tonne in 2022.
China’s economy is slowing to the lows seen way back in 1990 -- a price President Xi Jinping seems willing to pay to reduce its dependence on the property sector.
Beijing’s squeeze on the real estate sector will linger into next year and beyond, a development many hadn’t seen coming that has now prompted banks like Goldman Sachs Group Inc., Nomura Holdings Inc. and Barclays Plc to cut their growth forecasts in 2022 to below 5%.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....