Don't Fight the Fed as Copper, QQQ Peaks Copper and the Invesco QQQ Trust Series 1 ETF may be peaking along with Federal Reserve rate-hike expectations. My graphic highlights the relationship between the copper future (HG1) and QQQ, alongside the fed funds future one-year spread (FF13-FF1), which has risen to about 30 bps of rate hikes from the September peak near 90 bps. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/toa6l8kgzaja {BI COMD} #Copper #stocks @BBGIntelligence