Copper underperforms with high volatility, Mike McGlone argues

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1 hour ago

Copper underperforms with high volatility, Mike McGlone argues — Copper struggles despite rising volatility

Mike McGlone highlights that copper, despite setting records in volatility at roughly twice the level of beta, continues to underperform in comparison.

He characterizes copper as an asset that fails to deliver returns relative to its risk, suggesting it is currently a poor performer in the market.

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McGlone recently issued a forecast projecting $120 crude oil, $5,500 gold, $5 corn, and $98,000 bitcoin by 2026, raising questions about whether this market cycle will behave differently from previous years in an earlier report. He has also warned that crude oil could face a sharp downturn in 2026, pointing to similarities with the declines of 2008 and 1929 in another analysis. These observations form part of McGlone’s ongoing focus on risk and performance across major commodities.

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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