Elevated Copper Dump Risks Along With QQQ Copper's first visit to its 200-day moving average in 2026 may signal an overdue rollover, with implications for risk assets, notably the stock market. My graphic, featuring the copper future (HG1) on the same scale as the Invesco QQQ Trust Series 1, shows the close connection and a notable headwind: the fed funds futures one-year spread is pricing about 30 bps of hikes. Don't fight the Fed Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/to2rx9kiupsg {BI COMD} #copper #stocks @BBGIntelligence