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Thursday, July 31, 2025

Copper, A Warning Of Things To Come?

This morning, we're seeing a lot of hoopla surrounding $META, and Microsoft $MSFT earnings - but now that the $VIX has been hammered back below the 15 level, we've traded into what I like to call "Groundhog Day" markets. Same thing every day, futures green, market ends little change, or slightly higher - which is reported as "ALL TIME HIGHS" - but at the end of the day not much to write home about. The market Bears must feel like they're stuck in financial Purgatory, or worse... but this is how it usually goes over the summer break. Pigs fly, and Bears get slaughtered.

The $SPX at yesterday's close was only trading about 100 handles above where it was trading on July 4th.  

CNBC's so-called Chart Master Carter Worth put out the warning not to own the $SPX because he's seeing a double top on the Dow Jones, and small caps aren't leading. I actually tried to help him see the light, but I'm afraid there's no hope for him.  

This is the same buffoon who told investors to stay on the sideline at $VIX 60 lol 

It's no wonder CNBC is unmercifully mocked as FAKE NEWS 

  

Sector Rotation   

There are only a few select sectors which have led the entire April rally, and those are Materials (including miners), speculative Tech, and believe it or not, cryptocurrency.   

Copper  Crashes -20%  - You'll find that the mass distraction, lame stream media, is very careful not to use the word crash, to describe what's happening in copper, yet if we saw a similar move in crypto, you can bet they would be reporting it as a crash.     


Copper is hyped on social media, and on Bloomberg, and elsewhere, and copper crashes 2 week later.

 

Copper tumbles 18% on Trump tariff surprise sending Sandfire, BHP, and RIO shares lower

 Miners 

Anglo American posts $1.9 billion loss, cuts dividend, as restructuring continues

 We're no doubt seeing some margin calls in copper, so it's probably a little oversold in the short term. Watch for a rebound back above the 4.60 level, and if you need me to tell you that, then you shouldn't be trading copper.  

What other sectors which have done all the heavy lifting, are still being hyped? 

Big Tech  

Big Tech for one, although AI stock, and Semiconductors have seen bigger gains... 

Perhaps Mag7 catches up this morning, but that remains to be seen.   

$MSFT trades into bubble territory; leaving another massive gap behind.  

 Crypto 

Cryptocurrency continues to hold up, I found Peter Schiff's observation on the sector profound 

 I've noted the same thing and even went a step further... 

 

CNBC article being pumped by NBC in Chicago  


At 10 years old, Ethereum's future is brighter than ever despite recent setbacks

I couldn't resist trolling CNBC Fast Money last night, after they had Ethereum's inventor on... 

 

 

 

This blog has already run too long. 

I'm going to offer you the same advice I tried to offer Carter worth, DIG DEEP. Compare sectors. 

 

 Take Care, AA 

   

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