A Lot Riding on Copper Remaining Over $6 - Copper, the S&P 500 and US Treasury 30-year yield on the same scale may emphasize the implications of some normal reversion. That the metal hasn't had a year since 2021 without trading at its 50-month moving average (around $4.30 a pound vs. $5.80 on Feb. 23) might suggest poor risk vs. reward for new longs above $6. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/taymu7kiups8 {BI COMD} #copper #stockmarket #bonds @markets(Mike McGlone)