Meanwhile, copper prices are hitting the lowest levels since November

by betsharks0

https://www.bloomberg.com/news/articles/2023-05-24/chinese-stocks-close-to-erasing-2023-gain-as-headwinds-intensify?utm_source=website&utm_medium=share&utm_campaign=twitter?sref=TuHNl142

For those regards who want to understand what’s happening: Copper, used mostly in wiring, has a customer base of automobiles Sector. The downward trend in price indicates not enough demand for copper, which indicates that we are, indeed, in middle of the trough of business cycle. Keep an eye out for these prices and see if they show a growth for 3 consecutive months. That’d signal that economy is recovering.

https://www.cnbc.com/2023/05/24/meta-layoffs-latest-round-of-cuts-focuses-on-business-groups.html