Steel Products
April 19, 2018
SMU Price Momentum Adjusted to Neutral
Written by John Packard
We have been struggling with the decision as to when we should make an adjustment to the SMU Price Momentum Indicator. The issue that has been holding us back for the last week or two is the role the government is playing in the steel market, which muddies the water.
We have made the decision that even though there is another “gray swan” event staring us in the face (May 1), we need to operate as though the government is not actively involved and then let you – the buyers and sellers of steel – figure out if our sense of the market is correct or not.
