
COPPER HITS A NEW HIGH, CONSUMER CONFIDENCE AT FOUR YEAR LOW, MARKET MECHANICS CONTROL STOCK MARKET
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Doctor Copper
Please click here for a chart of copper ETF (CPER).
Note the following:
- Copper is known as Doctor Copper because historically copper has been a good indicator of the global economy. However, this time it is different because the move in copper is due to President Trump’s policies.
- The chart is a monthly chart to give you a long term perspective.
- The chart shows that copper is hitting a new high.
- The up move over the last month is due to the threat of US tariffs.