Dr. Copper: Melt-Up is on the Table

This chart suggests that the global economy is not as bad as current sentiment is, at least for the rest of the year. It's hard to believe that given the Russia-Ukraine war, US inflation, Chinese lockdowns, Sri Lankan collapse, Turkish currency and debt crisis, so on and so forth. But these are not the first wars and crises in human history and markets move up and down. That said, I do believe that all of these problems will lead to global recession beyond this year but it's also possible that we are already in a recession which, like this chart suggests, is already ending... Yeah, I know, but melt-ups did occur during the Great Depression, so there is that...