Locator: 46971INVESTING.
The new question: did the Fed did not raise the rates high enough a year ago; is the Fed now losing credibility.
On a down day for the market, NVDA is up 2%? Up $15.38 / share.
Copper: prices climb to 2024 high;
- Citi: the second bull market for copper this century; link here.
- be sure to read that third bullet:
- copper prices with May delivery traded at $4.323 per pound in New York as of Wednesday morning, extending gains after settling at its highest level since June 2022 in the previous session.
- three-month copper prices on the London Metal Exchange traded 0.6% higher at $9,477 per metric ton.
- demand for copper is widely considered a proxy for economic health.
"Trump stock" plummets. Link here.
- Trump himself will take most of the loss since he owns most of the stock.
Vibecession: see this note posted yesterday.
Weekly EIA petroleum report: link here.
- crude oil in storage: jumps by a whopping 5.8 million bbls; still 2% below five-year average -- seems bullish for the economy
- refiners: 88.3% capacity
- propane glut
- jet fuel supplied up an amazing 3.5% compared to same period last year -- seems bullish for the economy
I've been building a position in SCCO for decades. Always bought additional shares; never sold. For the longest time, DRIP'd.
