Global Macro: Slowing China Growth Dents Markets
The price of copper largely depends on demand in China. Chinese industrial companies consume large amounts of copper, and when demand softens, the price takes a dive. This industrial metal has underperformed recently, just as the charts above have.
A pickup in output for Chinese industrials will lead to an increased demand for copper, and this chart, along with the other charts tied to Chinese growth, will begin to trend higher.
At the time of publication the author had no position in any of the stocks mentioned.Follow @AndrewSachais This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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