Macro

Search catalysts, news stories, and pressures, or browse the trust-weighted news feed below.

Home tech energy finance healthcare defense industrial consumer communication utilities real estate raw materials

← back

raw materials · sector mood

1996

year mood +0.01 · -0.26 to +0.15 across 12 mo

Monthly mood

bearish −1 +1 bullish

month values ▾

Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
+0.15	+0.15	+0.15	+0.15	-0.21	-0.26	-0.05	+0.00	+0.00	+0.00	+0.00	+0.00

Raw materials sentiment is flat this month, weighed down by Sumitomo’s $1.8 billion copper trading loss and the unfolding Hamanaka scandal, which have cast a shadow over metals markets. While copper fundamentals remain steady, the episode underscores risks in commodity trading and has dampened confidence in market integrity. The broader raw materials sector shows no strong directional shift, with this incident contained to a single firm rather than signaling systemic stress.

How this mood is scored ▾

Each day the model reads that day's news for the sector and asks, as someone who owns assets or makes their living in it: how am I feeling this month, and why? The month's mood is that running answer, tied to the specific events driving it (the story shown above). It leans on trusted, higher-impact reporting, and on the prior month when a month is quiet, so one loud headline can't swing it. The read updates daily through the month; once a month ends, its mood is locked. This year is read live from the news the pipeline actually collected (hover a bar for its story count). · last computed Jul 06, 2026