Copper Just Getting Destroyed, Slips Into Bear Market

Copper Just Getting Destroyed, Slips Into Bear Market

MarketBeat - WSJ

By Mark Gongloff

FactSet

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Copper is down 6.5% this morning, and more than 20% from just two months ago, meaning it has entered a bear market, notes Rhiannon Hoyle.

Copper is the metal with a degree in economics, according to ancient wisdom, so this is not a good sign for the global economy.

It follows preliminary PMI data showing China’s manufacturing sector is contracting for the second month in a row in September.

China, recall, is supposed to ride to Europe’s rescue. It may have problems of its own.

Copper Just Getting Destroyed, Slips Into Bear Market - MarketBeat - WSJ

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