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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

    Sachin Pal
    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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