Copper Just Getting Destroyed, Slips Into Bear Market
MarketBeat - WSJ
By Mark Gongloff
Copper is down 6.5% this morning, and more than 20% from just two months ago, meaning it has entered a bear market, notes Rhiannon Hoyle.
Copper is the metal with a degree in economics, according to ancient wisdom, so this is not a good sign for the global economy.
It follows preliminary PMI data showing China’s manufacturing sector is contracting for the second month in a row in September.
China, recall, is supposed to ride to Europe’s rescue. It may have problems of its own.
Copper Just Getting Destroyed, Slips Into Bear Market - MarketBeat - WSJ
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