Midweek Macro Note: Copper Tariffs, Latest Round of Tariffs, The Commodity Trade, Vision Note, AlphaSights Details

In this Midweek Macro Note - the MacroEdge team discusses copper tariffs, the latest tariffs on nations, commodity trade, and more in a Vision Note to add.

Copper Tariffs, Latest Round of Tariffs, The Commodity Trade, First AlphaSights Report (@DonMiami3, MacroEdge Chief Economist)

Good Wednesday evening MacroEdge Readers and Community, 

This evening we have a brief Midweek Macro Note covering the latest tariffs on copper, countries, and we’ll discuss whether the commodity trade continues to have legs. I also note that the first AlphaSights will be released on the last Wednesday of each month going forward. 

AlphaSights is our new investment research offering designed for HNWIs, wealth managers, funds, family offices, wealth managers, executives, and strategic investors. Learn more about AlphaSights below in a conversation with a AlphaSights team member: 

AlphaSights will be led by @SixFinance, as Managing Director, who will also continue to deliver updates through occasional Vision notes. AlphaSights is designed for those looking to capture longer-term trend-based moves, macro alpha, volatility, and much more. More will become available through AlphaSights Solutions. 

Let’s dive in.

Access MacroEdge Ozone for Two Weeks & Transform Your Financial & Investment Research Insights:

Copper Tariffs and Implications: 

Trump announced that the copper tariffs will take effect on August 1st. That will have substantial implications (if they hold) and right now, the market appears to be buying that fact. 

Copper equities have all moved higher broadly with in the latest precious metals rally: 

Dr. Copper is also a valid leading signal for CPI, so we’ll continue to monitor developments in the entire commodity space.