Trade Alert: Another Opportunity To Short Basic Materials
With a coming slowdown in the U.S. housing market and manufacturing sector, the result will be diminished demand for industrial commodities, including chemicals. Also, a stagflation environment, driven partly by high oil and natural gas prices, is bearish for chemical stocks. Jim and Dan revisit a fund heavy in chemical and material stocks as manufacturers in these sectors are at risk of reporting lower margins and sales volumes in the coming months.
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