Mike McGlone
Mike McGlone|May 17, 2025 12:12
Languishing Copper vs. Beta May Augur What Matters - Copper's same-chart syndrome with the S&P 500 could portend downside risk for the metal. At about 4.60 a pound on May 15, the CME-traded price is above the equivalent on the London Metals Exchange, which is closer to 4.30, and Bloomberg Intelligence's fair value model of around 3.90. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/swas27t0afb4 {BI COMD}
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