Commodities are having another one of their bad days today, not even able to enjoy a weaker dollar, as risk appetite wavers.
At the head of the commodity pack heading in the wrong direction is copper, and that’s not a good sign.
Doug Kass sends along this helpful chart showing the relationship between copper, the metal with a PhD in economics, and the S&P 500 (mini S&P futures if you want to get technical about it), and you can see a yawning breakdown between the two in recent days.
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