Mike McGlone on LinkedIn: #copper #stockmarket #macroeconomic
Copper $3 Pendulum Swing vs. the S&P 500 - Weak copper and industrial metal prices in 2023 may be reflecting the potential that the Conference Board's…
LinkedInMike McGlone

(Right Click on Article's Hyperlink Above to Open Chart in a New Tab...)

"Copper $3 Pendulum Swing vs. the S&P 500 -

Weak copper and industrial metal prices in 2023 may be reflecting the potential that the Conference Board's leading indicators index at minus 7.8% will be right. Continued reversion toward its enduring pivot of around $3 for almost two decades would be a common copper pendulum swing, but the S&P 500 doing similar may be deflation fuel."

#copper #stockmarket #macroeconomic