AMEX:JJC   IPATH BLOOMBERG COPPER SUBINDEX TOTAL RETURN SUB-INDEX ETN
188 0 1
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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