Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries The investor's cyclical mystery By: Humble Student of the Markets March 23, 2024 at 13:05 PM EDT Copper is a cyclically sensitive metal that was given the moniker of Dr. Copper, because it is said to have a Ph.D. in economics because of its ability to forecast global economic trends. Its recent breakout from a 10-month base excited a lot of people. Similarly, the turnaround in the relative performance of materials stocks was interpreted as a cyclical green shoot. On the other hand, the sideways pattern of the copper/gold ratio gave a different message of economic stagnation. Both copper and gold are metals with inflation hedge properties, but copper is more cyclically sensitive. The copper/gold ratio acts as a cyclical indicator to filter out the inflation sensitivity of changes in metal prices.Therein lies the mystery. Are the markets signaling a cyclical rebound, or not? The full post can be found here. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
The investor's cyclical mystery By: Humble Student of the Markets March 23, 2024 at 13:05 PM EDT Copper is a cyclically sensitive metal that was given the moniker of Dr. Copper, because it is said to have a Ph.D. in economics because of its ability to forecast global economic trends. Its recent breakout from a 10-month base excited a lot of people. Similarly, the turnaround in the relative performance of materials stocks was interpreted as a cyclical green shoot. On the other hand, the sideways pattern of the copper/gold ratio gave a different message of economic stagnation. Both copper and gold are metals with inflation hedge properties, but copper is more cyclically sensitive. The copper/gold ratio acts as a cyclical indicator to filter out the inflation sensitivity of changes in metal prices.Therein lies the mystery. Are the markets signaling a cyclical rebound, or not? The full post can be found here.
