Lets look at Copper this morning!
This thing is RIPPING. Take a look at the chart below.
It is currently up 1.4% this morning to new cycle highs. What this tells you is that inflation is not going away. The probability of #Quad3 rising and #Quad4 falling continues because the #1 driver is Commodities.
It’s not just Copper. It’s Corn, Wheat, Cocoa, and Silver too. Gold went back to flat, then went up.
The way you notice these things if you are data dependent.
If you aren’t data and signal dependent, then you aren’t doing this the right way.
Copper continues to be bullish trend, in as much as Dr. Kospi and China are as well. And you know why? In equity terms, we are long China!
Remain flexible and learn how to position yourself based off of data.