Doctor Copper Looks Unhealthy
The risk-on trading environment of the past two weeks hit a sour note Monday as the S&P 500 bumped against the upper limits of its trading range.
While the rally managed to push the S&P 500 up to resistance, weaker trading vehicles did not perform as well. Copper fits into this category, after a steep selloff last month. Last night's news that China's GDP had slowed to 9.1% in the third quarter (down from 9.5%) is a negative for commodities in general, and could impact energy prices as well as metals....372 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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