Copper and S&P500 is making a divergence.
Could this mean that we are going to be seeing weakness creep into the real estate market with Lumber and copper falling recently?
SPY has tracked copper closely with the rise & fall in inflation and yields.
The most used commodity in the world should provide pivotal insights into the next turn in the market.
If we do enter disinflation/deflation that's typically not positive for equties despite the "soft landing" narrative.
Could this mean that we are going to be seeing weakness creep into the real estate market with Lumber and copper falling recently?
SPY has tracked copper closely with the rise & fall in inflation and yields.
The most used commodity in the world should provide pivotal insights into the next turn in the market.
If we do enter disinflation/deflation that's typically not positive for equties despite the "soft landing" narrative.