Top of Mind: Election 2020
We asked readers Monday what issues matter most personally when voting. Here are a couple responses…
“I would have to say Veterans Affairs is top of mind when I consider political candidates.
“As a disabled veteran I can remember when the VA was a horror (and in many places it still is). What veteran can forget both the political doubletalk and empty promises of the past?
“Yet it seems that politicians have forgotten the admonishment of General George Washington: ‘A nation is judged by how well it treats its veterans.’”
First, thanks for your sacrificial service to our country. And thanks for the Washington quote.
Our next reader says: “Most important to me: Getting the economy back on track, reducing reliance on outside nations for critical supplies, taking serious action on the runaway debt (no one in Washington has the guts to do it, but it’s an issue I really care about).”
All vitally important issues, we’d say.
We’re still soliciting responses… so what issues matter most to you?
Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Wednesday, Aug. 26, 2020
Case for Copper
On Wednesday, copper prices surged to highs last seen in 2018, and this morning, copper’s up an additional 1%.
According to Kitco: “Inventories in the London Metal Exchange (LME) fell to the lowest in 14 years and hopes for smoother U.S.-China trade relations lifted equity markets.”
As for China, the second-largest economy in the world is the top-ranked copper importer. And its two largest exporters — Peru and Chile — are in the throes of rebounding coronavirus cases, causing on-and-off mining shutdowns.
So supply down, but demand is up…
“Expectations that inflation will rise are also helping metals,” Kitco explains. “Fed Chairman Jerome Powell in a speech on Thursday could outline a more accommodative approach to inflation opening the door to easier policy for a long time to come.”
We don’t have to like it, folks.
Back to China, “Citibank analysts said Chinese year-on-year copper demand growth in July was the highest since February 2017, supporting prices.
Add to that: “The yuan rose to its strongest against the dollar since January, making metals cheaper for Chinese buyers.”
The case for copper is strong in 2020. If we see an economic recovery? Copper soars. Rampant inflation? Copper benefits too.
So for exposure to copper, check out Southern Copper Corporation (ticker: SCCO) or the United States Copper Index Fund (ticker: CPER). Both have bounced nicely off March lows.
Market Rundown for Wednesday, Aug. 26, 2020
S&P 500 Index stands pat at 3,444.
Oil’s down just 15 cents to $43.20 for a barrel of West Texas Intermediate.
Gold’s lost $10.20 to $1,912.90 per ounce.
Bitcoin is down $181.54 to $11,301.25.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
We’ll catch up Friday; until then, have a good one!
For the Rundown,