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Macro overview of the current week

Macro overview of the current week

21 December 2022

Where is the drop limit for Tesla shares?

Last week, Elon Musk sold another 22 million shares of the company worth $3.58 billion.

This is the second large-scale sale of Musk since his acquisition of Twitter for $ 44 billion.

Musk now owns about 13.4% of Tesla shares.

Tesla securities updated the day before the “bottom” for two years and may be lower.

It’s worrying for Tesla, but the market is justifiably merciless.

Copper is set for growth

Copper may rise in price in 2023 against the background of a short-term shortage of supply and the presence of long-term demand.

The metal has experienced a difficult year with a price rise in March to $10,600 per ton and a decline to $8543 per ton.

It is likely that in the second quarter of 2023, copper will rise to $ 11000-12000 per ton against the backdrop of the reversal of the Fed’s monetary policy and the limitation of the dollar’s growth.

Usually, the price of copper is a leading signal for market sentiment.

If the quotes go up, exchange assets in global terms will “catch up” after a while.

21 December 2022
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