$CHINA SHENHUA(01088.HK) and $COSCO SHIP HOLD(01919.HK) have barely moved. These two cyclical stocks in coal and shipping have been lying flat with little activity. Both coal prices and freight rate indices have lacked new catalysts recently. Without the support of commodity prices, cyclical stocks can't stage a rally; they can only linger in low volatility. Holding such cyclical core positions with decent dividend payouts can be reassuring in a choppy market, but you need enough patience to wait for the cycle to turn upward 🫥
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