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    September 17, 2026

    Edward Meir: Unexpected market reversal Thursday follows news of Fed rate hike

    Written by Edward Meir

    After a mostly negative reaction to Federal Reserve Chair Kevin Warsh’s press conference Wednesday following the Fed policy statement, Thursday brought us a surprise upside reversal in most markets.

    Crude was the notable exception — down for a second straight day and likely a key trigger for Thursday’s about-face. In fact, Brent prices sank by more than $4.10/barrel at one point early Thursday before values pared back a portion of the losses by the day’s close. The decline was not attributable to any particular story but came about after speculators exited long positions on the lack of fresh headlines coming out of the Middle East.

    Edward Meir

    Edward brings more than a decade of hands-on experience in physical trading across aluminum, tin and scrap, paired with a deep fundamental market analysis background. His unique perspective strengthens AMU’s mission to deliver sharper insight, clearer context, and actionable intelligence for professionals across the aluminum value chain.

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    Edward Meir’s week in review and thoughts for the week of Nov. 2, 2026

    Base metals had a mixed week. Nickel, copper, and tin were down by 3.6%, 1.2%, and 3.25%, respectively. Copper closed lower in October as well, snapping a three-month winning streak. Tin settled at a six-month low on Friday, breaching $50,000 in the process. The bulk of the selling in both copper and tin occurred on Friday because both these semiconductor-influenced metals got swept up in the equity sell-off. Aluminum was up by 0.8% on the week. Lead was just about flat. And zinc was the best performer, up by 2.6%.