On Bloomberg Radio’s Surveillance, Co-CIO David Aspell spoke with Tom Keene and Paul Sweeney about the shifting economic backdrop heading into 2026. He noted that with a new Fed chair expected, the key issue is how sensitive the economy will be to lower rates. As he explained, “the areas that are really struggling…are in housing and some parts of manufacturing and all of those things that are rate sensitive.”

For nearly 40 years, Mount Lucas has resisted complexity—proving that simplicity and discipline can stand the test of time.

As copper’s role in the global economy grows, comparisons to precious metals have followed — even though key differences remain.