Month: November 2020

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Look to Dr. Copper for an Economic Cure

November 21, 2020 admin Comments Off on Look to Dr. Copper for an Economic Cure

There are many indicators for the market…
Some investors make bets based on technical indicators.
Others track more outside-the-box omens, such as which team wins the Superbowl in a given year.
But one often-overlooked market indicator, a commodity used in manufacturing, has out-tested them all…
And even earned an honorary medical degree.
Wall Street veterans like to refer to this commodity as “Dr. Copper” because of its uncanny ability to diagnose trends in interest rates and the broader market.
It’s more than just superstition…
When copper demand falls, it represents a slowdown in global activity. After all, copper is an industrial metal. If industry slows, typically the …read more […]