There are many reasons why the current overvalued market should make a correction. One would simply be for internal health. There is also a long list of global catastrophes which could each trigger a market collapse. In contrast to these indicators however, Broderick makes a case that a booming demand for industrial metals indicates that an upsurge in economic growth is just around the corner.
A chart that ranks commodity demand in 2017 is below.
As noted in the featured chart, copper shows a trendline breakout from a long down trend. Of all the metals copper is considered the key indicator for predicting health in the manufacturing and construction sectors. Read the complete article at the Edelson Institute to understand Broderick’s rationale.