Loading...
Chart Of The DayMost Recent Stories

DR. COPPER SAYS THE COAST IS CLEAR

Commodity prices have ripped in recent weeks as the market swings from expectations of a double dip to expectations of a sustained recovery.  Copper, the metal often said to have a PhD in economics, has been no exception.  The economically sensitive metal is up almost 40% from its summer lows.  While equity markets dipped in August copper prices diverged and remained quite firm.  Some have called into question whether copper is a leading indicator of the economy and stock prices, but one thing is clear from the recent action in prices – economic weakness does not appear to be a concern – for now….

Comments are closed.