One observation which I can see these days is how suddenly markets are again showing some love to the battered sectors.
For example: There was world full of negative news on steel stocks with all the bad news starting from export restrictions, falling prices, global slowdown and so on.
All it took was 2 months for these stocks to stage a massive comeback of nearly 20% (in stocks like JSW Steel, Tata steel) and the stocks are nearly back to 6 month highs.
Will this trend be restricted only to steel and few metal stocks or other sectors too may see traction like this? With indices at a striking distance from ATHs, if the market are expected to go up, then certainly I think so.
What are your thoughts?
Is it a sign of another crash coming? When the markets are in last leg of rally, all beaten down stocks start to catch up.
Crash or not, something is coming.