the imapct of this is already factored into most metal stocks. Take Aluminum/Alcoa for example. Aluminum is trading down 45% from its peak, while Alcoa is off 79%. Other metals are similar. The market has already discounted the economic outlook. Not to say it cant go lower, but the majority of the decline in equities is already factored in.
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the imapct of this is already factored into most metal stocks. Take Aluminum/Alcoa for example. Aluminum is trading down 45% from its peak, while Alcoa is off 79%. Other metals are similar. The market has already discounted the economic outlook. Not to say it cant go lower, but the majority of the decline in equities is already factored in.
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