November 19, 2016 | Waiting for a Verdict on the Economy
I’ve spotlighted copper in today’s list of touts, since it has the ability to tell us whether the U.S. economy is about to pick up in any significant way. There are many reasons for the stock market to have rallied on the election of Donald Trump. First and foremost is that, with the backing of a solidly Republican majority in Congress, significant tax cuts are a certainty. The question is whether they will come in time to save an economy that has been flirting with recession. We have several sensitive indicators, including copper, to tell us the answer, which will almost surely be known before 2017.
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