The markets may have “Trumped up” a rally, notes Barclays commodity analyst Dane Davis. He warns Trump rally participants not to get too excited. Sometimes you can get too much of what you want, and for the industrial metals market Trump needs to get the execution formula just right. Overall, however, the potential for a $1 trillion infrastructure spend -- much of it privately financed -- is leading to Barclays raising their price forecasts in key metals markets.
Industrial metals outlook improves
Recently the fundamental outlook for industrial metals has improved. In large part this is based on anticipated lower US taxes, increased infrastructure investment – and even protectionism, Davis points to as...
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