Mike McGlone
Mike McGlone|Aug 18, 2025 11:05
Finish-Line High in 2025? US Stocks Undue Burden vs. Oil, Copper - Despite some estimates of government debt-to-GDP around 300%, and money supply roughly double that of the US, China's minus 3.6% Producer Price Index may suggest global deflationary leanings. My analysis of yearly charts shows the propensity for crude oil and copper to autocorrelate lower, especially if the US stock market rally fizzles. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t16pebgq1yum {BI COMD} #copper #stockmarket #crudeoil #gold @BBGIntelligence(Mike McGlone)
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