Mike McGlone|Jan 02, 2026 12:10
Copper's Potential Lose-Lose in 2026 -
Copper was a trader's delight on the way up in 2025 but may be highly subject to a rising equity tide in 2026. My graphic of the economically sensitive metal on the same scale as the S&P 500 and US Treasury 30-year yield highlights copper following stocks higher while bond yields stagnate. If copper and stocks keep rising, inflation and bond yields may rebound, countering the Trump administration's stated goals.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t88hi7kgifre {BI COMD}
#copper #stockmarket #bonds @BBGIntelligence(Mike McGlone)
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