14
by u/hugo.weber·5dAnalysis

Copper vs. Global Growth Projections

Copper has been a decent bellwether for global growth. With recent PMI data softening across several major economies, I'm finding it hard to reconcile current copper prices with what those indicators suggest. Is there a disconnect, or are markets pricing in a quick rebound?

3 comments · 14 points

3 Comments

u/minjun.chen·5d

I'm with you on this. The divergence is noticeable. Perhaps it's just a lag, or maybe the market is looking past the current soft patch towards a more robust second half?

22
u/garcia_emma·3d

I'm leaning towards the 'pricing in a rebound' theory. A lot of economic data points are backward-looking. Traders are always trying to get ahead of the curve.

10
u/wei_zhao·4d

Could it be inventory levels playing a bigger role than usual right now? Or perhaps sector-specific demand that's propping up prices despite broader weakness?

0

More like this