Switzer on Saturday

Commodity price spikes makes this Trump tax torture bearable

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
23,557.99
31.81
0.14%
0.86%
S&P 500
2,602.42
5.34
0.21%
0.91%
NASDAQ
6,889.16
21.80
0.32%
1.57%
ASX 200
5982.60
-3.60
-0.06%
0.42%
Data for week commencing 20 November, 2017

The Trump tax watch is the ongoing preoccupation of Wall Street and inevitably the rest of global stock markets are looking on but the trend I’m really excited about is the comeback of commodity prices, especially iron ore prices.

The iron ore price was up about 8% for the week and Fairfax says the gain has been 16% for the month! Apart from the nice rise of share prices for BHP - up 3.1% for the week - and Rio 1.7% - it confirms what I’ve been arguing that the good global economic story is really positive for commodities.

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