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Weekly scrap market report

Copper Jumps $0.25–$0.30/LB: Is There More Room to Run?

Copper remains the standout scrap market after gaining roughly $0.25–$0.30 per pound during its latest move, while aluminum remains elevated amid tariff and U.S.-Canada trade uncertainty. Steel scrap remains comparatively quiet, with plentiful supply limiting near-term upside.
Want to find scrap prices across the country? See them HERE: https://iScrapApp.com/
👉 Read more: https://iscrapapp.com/blog/weekly-scr...


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The sudden unraveling of Wall Street’s momentum trade​

Wall Street’s hottest trade has gone ice cold.

For years, it paid off to buy stocks that were rising in price—and bet against struggling shares. The momentum trade was especially profitable this year, as investors piled into hot stocks including Micron Technology, Nvidia, Advanced Micro Devices and other artificial-intelligence darlings while wagering against those likely to be hurt by the embrace of AI.

The S&P 500 Momentum Index soared 44% in the second quarter, its best quarterly performance on record, and it surged 133% over the past five years, nearly double the broad market’s performance.

Mega funds and rookie investors alike piled into the trade, some using leverage and options contracts in an effort to amplify their returns, propelling the underlying shares higher.

More:

https://www.msn.com/en-us/news/othe...s-momentum-trade/ar-AA2beBBR?ocid=socialshare
 
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