The Most Important Financial Markets Chart of the Next Decade

This chart of the price of copper and correlations to emerging markets and the S&P 500 could be one of the most important charts for the coming decade.

Copper has broken out to a new multi-year high (reaching its highest level since early 2018). Copper strength tends to bode well for Emerging Market stocks on both an absolute and relative basis (versus the S&P 500 Index).

My guess remains that the extended period of US equity market dominance (versus the rest of the world) is drawing to a close.

Investors eyes should be on copper. Will it breakout over 3.30?

Sign up for our FREE newsletter
and receive our best trading ideas and research

copper prices higher rally correlation emerging market stocks high most important chart decade

Twitter:  @WillieDelwiche

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.