CME Copper May Be Accident Waiting to Happen Global futures-exchange copper stockpiles are elevated, with the largest share ever -- roughly 70% -- in CME warehouses. Hedge funds are quite long, and the metal's correlation with the S&P 500 (SPX) has reached multidecade highs with markets rising. What can go wrong? Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tl1iu3r24u82{BI COMD} #copper #stockmarket #futures @BBGIntelligence(Mike McGlone)