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Industrial metals underperform S&P 500, Mike McGlone points out

Industrial metals underperform S&P 500, Mike McGlone points out
Industrial metals trail S&P 500 performance

Mike McGlone observes that industrial metals are weakening compared to the S&P 500. He highlights that this trend may indicate the metals sector, including gold, is becoming increasingly reliant on rising U.S. equities for resilience.

Earlier this year, McGlone projected prices of $120 for crude oil and $5,500 for gold in a 2026 outlook covering several major commodities, including bitcoin and corn, in a previous analysis. He also commented on the U.S. Oil Fund reaching a record 10-year high against the TLT bond ETF in a separate observation. These past remarks continue to frame McGlone’s perspective on commodity performance versus equities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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