S&P 500's Next 5% May Be All that Matters - Copper, Gold, Fed On most worthy value-at-risk models, the next up-or-down 5% move in the S&P 500 may be a 10 on a 1-10 scale for what matters, particularly for highly correlated, volatile assets like copper, gold, broad metals and Bitcoin. A 5% rise in beta into year-end could tilt the Federal Reserve to rate hikes. A 5% drawdown might have the opposite effect. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tk43t8rkv2tk {BI COMD} #copper #gold #commodities #stockmarket #Federalreserve @Bloomberg(Mike McGlone)