S&P 500 Versus Copper: Seven Performance Drivers By Erik Norland Executive Director CME Group

Copper and the S&P 500® have tracked each other quite closely during the past 16 months, both falling sharply at the outset of the pandemic only to rebound spectacularly. The S&P 500 is up about 30% from pre-pandemic levels while copper has outperformed, rising over 60% (Figure 1).

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