SIACharts Logo

Commentary >

 High Grade Copper Continuous Contract (HG.F) &  S&P 500 Index (SPX.I)

In this week’s issue of Equity Leaders Weekly, we look at the recent strength of Copper and the breadth of the U.S. Equity markets with the S&P 500 Index.

As the Pfizer vaccine is starting to be rolled out in North America this week and the FDA expected to make a US decision on Moderna’s vaccine later this week, investors appear to be looking over the shadows of near-term lockdowns to the light ahead. Some of the political uncertainties that impacted sentiment last week also appear to be easing. The Electoral College vote earlier this week confirmed Joe Biden as the next President of the United States and any political uncertainty has now shifted to the final Senate runoff race in Georgia that will drag into 2021 where early voting has started this week in record numbers. US politicians have focused back on spending and the stimulus packages with deadlines this Friday to avoid a government shutdown to prevent any stimulus programs from expiring. Meanwhile in Europe, the UK and EU have agreed to extend talks on a new trade deal to replace the arrangements currently set to expire on Dec 31. With this last full trading week of 2020, many are ready to put 2020 behind them with the two-week holiday slowdown upcoming, but 2021 will bring its own set of new challenges.

High Grade Copper Continuous Contract (HG.F) 

Keep up to date on the latest financial market news.

Receive a daily newsletter with stock highlights, ETF rankings, weekly market focus and others.