Mohamed A. El-Erian reports that copper prices have reached a new record high. The increase is attributed to robust demand for data-center construction, supply disruptions at a major global mine, and rising input costs. {tweet} El-Erian has recently commented on U.S. equities, noting that U.S. stocks are outperforming European markets despite economic concerns. He has also assessed Jerome Powell’s leadership at the Federal Reserve, highlighting a strong defense of central bank independence amid costly policy errors. These observations come as investors react to record copper prices and supply challenges. (full story)