Industrial Metal prices are Breaking higher

Callum_Thomas
05-14

Industrial Metal prices are Breaking higher

These commodities are at the center of several key macro/thematic cross currents:

-China stimulus

-Global inventory cycle

-Manufacturing PMI reacceleration

-Upsurge in capex (infra, factories, energy)

-(and upside risks to commodities: inflation) $NASDAQ(.IXIC)$ $DJIA(.DJI)$ $S&P 500(.SPX)$

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This chart is going to be the first to know about which “macro edge risks” play out this year: recession and deflation if it breaks support vs reacceleration and resurgence if it breaks higher.

https://twitter.com/Callum_Thomas/status/1790125417250079035

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  • NewmanGray
    ·05-14
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  • twisty
    ·05-14
    Great content!
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