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Dr. Copper Delivers A Diagnosis Of Inflation

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Jesse Felder | Mar 04, 2021 01:02AM ET The copper price broke down in an epic fakeout last year before reversing and breaking out, in convincing fashion, to the upside. They call copper doctor because hes supposedly got a PhD in economics. And when it comes to inflation, its certainly true that he is far more accurate with his forecasts than the vast majority of economists. The recent breakout in the copper price suggests core inflation is likely too low at present and will soon begin to trend higher over the next couple of years. Because asset prices of all sorts have seemingly discounted a lower for longer environment in both inflation and interest rates, this signal may be more meaningful than it might otherwise be. https://www.investing.com/analysis/dr-copper-delivers-a-diagnosis-of-inflation-200564874