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Right's Asset Management

Our analytical news

01 May 2019

Today is an interesting day

Today is an interesting day. Industrial metals, especially copper, are rapidly becoming cheaper (-3.5%). Goes up a Japanese yen - a traditional protective asset. We received bad data on US PMI, which gave us a signal to sell a part of risky assets. Also you can see how investors use the growth on the stock market for sales and profit taking. There are clear signs of weakness. It's important to take into account, that today is the first day of the month, which traditionally many funds use for rebalance. This fact creates not quite comparable waves of movement in the markets.

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