Dr. Copper Is Flashing An Economic Boom: Industrial Stocks Just Confirmed It
Copper is up nearly 50% in a year, the ISM Manufacturing PMI hit a four-year high and factory employment expanded for the first time in 33 months.
Copper prices are way up, and factories are hiring more workers again—signs that businesses might be building and buying more stuff. When you see industrial stocks (that make machines and tools) doing well, it hints the economy could be getting stronger.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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