Waiting for a Verdict on the Economy

I’ve spotlighted copper in today’s list of touts, since it has the ability to tell us whether the U.S. economy is about to pick up in any significant way.  There are many reasons for the stock market to have rallied on the election of Donald Trump. First and foremost is that, with the backing of a solidly Republican majority in Congress, significant tax cuts are a certainty. The question is whether they will come in time to save an economy that has been flirting with recession. We have several sensitive indicators, including copper, to tell us the answer, which will almost surely be known before 2017.

  • Chuck November 19, 2016, 4:50 pm

    Rick, you were right on HDGE. Now it looks like it could meet it’s point and figure target of 6.5, making it tough to be a bear.

  • John Jay November 18, 2016, 1:07 pm

    Well, Rick, what do you make of the ZB/ZN sell off?
    Front running a token Fed increase/Trump effect?
    Or perhaps a crafty response to China/KSA bond dumping?
    Like making sure they get get caught selling into a declining market, and get ever worsening prices?
    Only to see those prices shoot right back up again once they have sold what they have to sell?
    Time will tell, eh?