Doctor Copper Catches Coronavirus With Worst Performance In 34 Years

Copper prices are down 10 straight days – the longest streak of losses for the commodity with an economics PhD since 1986!

And as stocks rebound – for no reason whatsoever – copper continues to fall…

Source: Bloomberg

This is the worst 9-day drop since early 2015’s global growth scare…

Source: Bloomberg

And, it appears that other lifeblood of the global economy is also not buying what stocks are selling…

Source: Bloomberg

And bonds continue to disagree with stocks’ exuberance…

Source: Bloomberg

Still – if Powell promises to save the world by printing more money – potentially to use as homemade masks – then why not keep buying stocks? What could go wrong?