141 days ago • Posted by Paul de La Baume
#Commodities , #copper rally: a major risk? $SPY $QQQ #stocks #energy #oil #trading #inflation
China's reopening is acting as a demand shock for commodities. It is expected to lift global growth however. China's demand for copper alone is 2x the demand for copper of the US and Europe combined. If commodities prices rise too rapidly, it could certainly cause some inflationary pressures down the road. High inflation in turn forces central banks to tighten monetary policy.
