David Fickling, Columnist

Commodities Meet Their Wile E. Coyote Moment

A chasm just opened under metals.

August 16, 2018 at 3:59 AM UTC

David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times.

Beware the drop.
Photographer: Cristobal Olivares/Bloomberg

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There comes a moment in every market where traders suddenly feel the ground dropping away beneath their feet.

Like Wile E. Coyote, the Warner Bros. cartoon character who hovered in midair after running off the edge of a cliff before plummeting to the valley below, conditions can even feel weirdly normal for a while.