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Commodity Supercycle: The Enemy Of The Bull Thesis
Commodity Supercycle: The Enemy Of The Bull Thesis
Authored by Lance Roberts via RealInvestmentAdvice.com,
The commodity supercycle thesis is everywhere right now. Bank of America’s Michael Hartnett, one of the most widely read strategists on Wall Street, recently declared “commodities the biggest trade of the next five years,” anchoring the call on deglobalization, chronic capital underinvestment, and a world drifting away from dollar dominance. As is often the case, the narrative is extremely compelling. However, it’s also internally contradictory in ways that most investors aren’t stopping to examine.
After three decades of managing money,...
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Apr 14, 2026 / Tyler Durden
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