Dr. Copper May Be Signaling Peak Inflation

Jun 23, 2022 1 min read
Dr. Copper May Be Signaling Peak Inflation

Dr. Copper, the base metal with a PhD in economics, may be signaling a top in the CRB raw industrials spot price index. It dropped below $4.00 for the first time this year to $3.92 today (chart below). It may be predicting a global economic slowdown, but it's too soon to tell if it is foreshadowing an impending US recession.

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