I've been touting for some time that the health of the world...

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