We have a plethora of earning reports to get through [ Early Week Earnings Watch ] the next 72 hours, so we’ll begin with Caterpillar (CAT) and Freeport McMoran Copper & Gold ( FCX ) – the former used as a proxy on global growth in terms of heavy construction equipment sales and the latter due to its heavy reliance on copper. As we’ve been saying FCX has seemingly replaced oil as this year’s “go to” reflation trade stock.

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Caterpillar (CAT) and Freeport McMoran Copper & Gold (FCX) Please the Street