Mike McGlone|Jun 12, 2026 10:16
Dud Copper vs. Stud Stock Market: Will It Change?
Managed money (hedge funds) net longs stretched to about one-third of CME copper futures open interest are the most optimistic for higher prices since about 2020-21, indicating elevated liquidation risk.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tgih5erkv2xm{BI COMD}
#copper #futures #stockmarket #China @markets(Mike McGlone)
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