NEW YORK (TheStreet) --Copper was surging to a 16-month high, up 3.39% to $2.54, in early afternoon trading on Thursday. Copper is perceived as a significant beneficiary of a Donald Trump presidency because the President-elect has stated intentions to embark on a substantial infrastructure spend.
"I think there is an exaggeration here," KKM Financial CEO Jeff Kilburg said on CNBC's "Fast Money Halftime Report" this afternoon. "We're certainly focused on Trump and the infrastructure."
Improving airports, roads, and ports are all part of Trump's focus on infrastructure, he noted.
"But, there is a long time between now and January 20 when the inauguration happens," Kilburg added.
Taking all of that into account, he thinks today's rally in Copper could be a little inflated in the short-term.