If It Needs to Go Up, Risks May Be Down: Copper and Bitcoin - Copper and Bitcoin are both up in 2025 to June 3, about 20% and 15%, and consensus expects them to continue rising, which may suggest directional risks. The Street's forecast for about a 10% gain in the S&P 500 this year might already be priced in by the economically sensitive metal and speculative crypto, indicating the potential for a tumbling-dominoes deflationary effect. Full report on the Bloomberg terminal here: https://blinks.bloomberg.com/news/stories/sxbte6t1um0w {BI COMD} #copper #bitcoin #stockmarket #bonds #macroeconomics @BBGIntelligence