From The Big Picture:

Those of you who believe that markets provide more insights than economists, strategists, and pundits – and there is lots of just cause for holding those views – may want to take a closer look at what is coming out of copper market.

For the most part, it is negative economic expectations:

"Despite a raft of good news – rising employment in the U.S., stronger growth in the euro zone, and monetary easing in China – "Dr. Copper" believes the global economy is in poorer health than many think.

Among hedge funds and other money managers, bets that copper prices will fall have outpaced positions that would profit from a rise for 11 consecutive weeks. That is known as...
 
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