Inflation Roils Equities and Copper-S&P 500 Drivers

Watch Video

Inflation Roils Equities and Equities-Copper Relative Performance

By Blu Putnam, Chief Economist
Erik Norland, Senior Economist
CME Group

Conflicted Sentiment in Equities

  • ​​​​​​Sentiment in equities is conflicted amid growing inflation debate.
  • Expansionary fiscal, monetary policies fueling inflation concerns.
  • Nasdaq growth stocks more impacted than Dow-listed companies.
  • Bonds signal long-term rates might not far exceed Fed’s 2% target.
Watch video

Will Copper Outperform Equities?

  • U.S. equities-copper closely tracked each other over past 16 months.
  • S&P 500 has risen 30% from pre-pandemic levels, copper is up 60%.
  • S&P 500 and copper have outperformed each other over time.
  • Seven factors that could drive the performance of equities-copper.
Watch video