Copper prices have now confirmed the market slowdown suggested by
the inventory build. The spot price dropped through $3 /lb today.
Stock markets also sagged, and are down substantially from mid-January highs.
This is increasingly looking like the dreaded "next leg down."
Tickers to keep an eye on:
PSQ, DOG and the like, plus
SMN and
BOM.
At least, I've got my eye on them...
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