xjo weekend zoomba lounge, page-135

I've been touting for some time that the health of the world economies and correlated asset prices (e.g., Dow Industrials, SJO, Shanghai) depended to a large extent on a stronger copper price. And - often the copper price leads the stock markets up

I forget who it was now, but somebody directed me to an article which questions that assumption. I was aware of that article and have discounted its suggestions.

Here, for example, is a chart showing the price of copper and the S&P500:

The divergences I've been talking about are clear since the end of the GFC.

No Positive Divergence has occurred currently to date on the copper price compared to the SPX.

I just might have to see that before expecting a solid upturn in the American market. Both could, of course, turn up simultaneously.

The divergence doesn't have to happen - but such a sign would be bullish.

Good luck
Redbacka