After brief attempts at stabilization, copper, iron ore and oil – all considered early indicators as to economic health – are slipping in price. Writing in Barron’s, Teresa Rivas notes that slowing demand in China, which accounts for 40 percent of world consumption of copper, is behind the drop, while talks of stimulus – the magic cure all often cited as a cause for stock market cheer – caused Shanghai stocks to rally over the Christmas holiday. Reason’s behind copper’s price drop While China is being placed in the headline, slowing demand in Europe and the prospect of higher interest…
Copper, Oil, Iron Ore All Drop: Because Of China?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.