Possible scenario
Demand Destruction Emerges
20% Chance
The rally eventually begins to curb physical demand from manufacturers, builders, and some power-equipment buyers. If buyers defer projects or substitute aluminum where possible, copper could suffer a sharp but still sector-contained correction.
Initial impacts
- Copper Down
Secondary impacts
- Non-Energy Materials -2.9%
- Industrials -1.1%
- Technology -0.9%
- Consumer Cyclicals -0.3%
- Utilities +0.2%
Portfolio impact
S&P 500-0.9%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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