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Dr. Copper Needs Lessons in Chinese Medicine

Copper, the metal which Wall Street loves to pretend has a Ph.D. in economics, is these days a close student of Chinese medicine.

With that in mind, investors agog at commodities and U.S. equity benchmarks testing new highs should consider the following: Chinese GDP growth just ticked lower for the first time since first-quarter 2016. It wasn’t a big move—data released Thursday showed third-quarter growth edged down to 6.8% from a year earlier, versus 6.9% in the first half. But it does mean that the synchronized growth uptick…

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