Natural Resources ETF (ICOP) is trading 3.6% up today as investors rotate into cyclicals tied to industrial metals and improving risk appetite.
- A potential U.S.-Iran agreement is easing energy and geopolitical fears, providing support for broader commodities-related equities.
- While oil and gas prices soften, copper and metals miners are catching a bid as markets refocus on growth and sustained demand for industrial inputs.
- The move comes as major indices trade modestly higher with investors looking toward upcoming earnings and industrial demand.