AMEX:JJC   BARCLAYS BANK PLC/BARCLAYS US CCP IPATH SER B BLMBRG COPPER SUBINDX TR ETN
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For decades, copper has served as an effective barometer of the economic health of a region. This amazing consistency of ability to gauge a realistic prognosis of an area’s economic vitality is precisely why financial experts have traditionally referred to copper as “Dr. Copper!”

From electrical wiring to plumbing, from radiators to air conditioners, they all require the use of Coppers.

The data isn't long enough, so i can only compare starting mid 2007. As observe in mid 2008 & year 2011, whenever copper and copper stock FCX took a tumble, SPY followed accordingly. However, since mid-2014, copper and FCX has been in obvious downtrend, but SPY keeps on making higher.

I am wondering whether copper has lost the conventional role as a leading indicator?
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