Investing.com investing.com 21 Dec, 2020 12:30 am

Copper And Lumber Sending Signals For All Markets In 2021

Copper And Lumber Sending Signals For All Markets In 2021
Commodities Analysis by Andy Hecht covering: US Dollar Index Futures, Copper Futures, Lumber Futures. Read Andy Hecht's latest article on Investing.com

com Copper rises to its highest price in almost eight years After correcting, Lumber moving back towards September record high Red metal and wood prices point to inflation Levels of monetary and fiscal policy signal higher highs in 2021 Copper and lumber are critical industrial commodities for construction and infrastructure building.Copper and lumber are sending the markets a signal for the coming year that we shouldn't ignore.I view lumber and copper as two industrial commodities that are barometers of inflationary pressures.Copper and lumber prices rise or fall for many reasons.

The price action in the copper and lumber markets signifies a variety of factors for the coming year.In 2008 and 2020, monetary policy encouraged borrowing and spending and inhibited saving.

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