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Dr Copper is giving a big warning signal to equity markets!

The macro as well as the technical picture suggest that a breakdown in copper prices is likely in the coming months, which implies a worsening of financial conditions globally

May 26, 2022 / 09:50 AM IST
Dr Copper is giving a big warning signal to equity markets!

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Copper is considered a better economic forecaster than most economists. The reddish brown metal is popularly called Dr. Copper as it is regarded as a great predictor of changes in economic demand owing to its use in several industrial segments — from electronics, automobiles, and home building to the distribution of electricity from power stations. When copper prices rise, industrial growth is expected to follow, indicating positive demand momentum. The opposite case — when copper prices are falling — indicates...

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