Metals and Mining stocks, measured by the etf XME, is one of the best performing groups in the S&P in November, up nearly 25%. Its two largest components, AK Steel (AKS) & US Steel (X) …
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Earlier Josh Brown blogged and tweeted about the S&P Metals and Mining (XME) ratio chart to the S&P 500 (SPX), saying: Ten years of underperformance. A long-term downtrend now being snapped, the year to date …
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One of the largest trades today in the options pits was an apparent bearish bet (or a defensive hedge) in the XME, the S&P Metals & Mining etf. When the etf was $22.85 a trader …
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