Commodity Prices, Margin Debt & Inflation

The Big Conversation | Aired: 2021-04-28 This week Real Vision’s Roger Hirst uses Refinitiv’s best-in-class data to look at the two themes which are dominating market talk: the surge in commodity prices and the rise in the use of margin debt to fuel the US equity rally. Many commodity prices have risen over 50% in the last year, fueling fears about future inflation, whilst a record surge in margin debt over the last couple of months has stoked fears that the equity market may now be rising on excessive leverage. In this week's Chatter, Bruce Alway, Refinitiv’s Director of Metals Research, looks at the supply and demand factors that have been driving the rise in copper prices.