Do Copper Prices Lead the Broad Equity Market?
July 1, 2024 - Commodity Futures, Economic Indicators
Is copper price a reliable leading indicator of economic activity and therefore of future corporate earnings and equity prices? To investigate, we employ the monthly price index for copper base scrap from the U.S. Bureau of Labor Statistics, which spans multiple economic expansions and contractions. Using monthly levels of the copper scrap price index and… Keep Reading