"Doctor" Copper

From Investopedia: "The term Doctor Copper is market lingo for the base metal that is reputed to have a Ph.D in economics because of its ability to predict turning points for the global economy. Because of copper's widespread applications in most sectors of the economy - from homes and factories to electronics and power generation and transmission - demand for copper is often viewed as a reliable leading indicator of economic health. This demand is reflected in the market price of copper. Generally, rising copper prices suggest strong copper demand and , hence, a growing global economy, while declining copper prices may indicate sluggish demand and an imminent economic slowdown."

In the chart above, you will notice the correlation between copper (blue) and the S&P 500 (orange). You may also note the the price of copper has plummeted in recent weeks.

For us (at High Rock) that is just another of the caution flags that have been raised and a further contributor to our theme that we are approaching the end of the cycle of economic expansion.

Usually, the end of the cycle indicates economic slowing and possibly a recession. Stock markets do not like recessions.

Prepare yourselves accordingly. At High Rock, we are prepared.