Copper fell by its most in 5 weeks today on the heels of China’s HSBC PMI miss overnight. This follows the ‘economist’ commodity’s biggest rise in a month yesterday following China’s official PMI beating expectations. It seems the farce of Chinese data has now made a farce of the commodity market as anything but an headline-induced algo trade… even though so many ‘renowned’ investors still view it as omniscient…
Copper is right back to unchanged from before the Chinese data on the weekend… so Dr. Copper is none the wiser…
via Zero Hedge http://ift.tt/1p554io Tyler Durden