copper finally filled that gap to the S&P 500. question now is whether teh SPX will fall or copper's drop is overdone. we tend to think the former is the play.
I just wanted to reiterate this: Copper is often being looked to as a leading indicator for global economic growth. Whether that's true this time around or not is fairly irrelevant for my note here. Looking at the chart below I note a downward-trending channel that Copper is now looking to break out of to […]
Copper just bolted down to its 200 day moving average (red line), which could act as a level of support, if only for a bounce. Watch it here because if it jumps higher that could also be a positive for stocks.