Global slowdown

The nature of the sell off over the last 2 days seems to be related more to worries of the economic slowdown spreading to emerging markets. The biggest indicator of that is a sharp fall in Copper over the last 1 week. Although the S&P 500 is still above its August lows, Copper has sharply broken lower. China is the biggest consumer of Copper and there is a worry about the Chinese building boom slowing down. Yesterday Fedex talked about slowing down in Asia.

Following is a 3 month price chart for Copper.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s