Monday, February 22, 2021

Commodity supercycle: Bull and bear debate

Is it too late to buy into the commodity supercycle thesis? The latest BoA Global Fund Manager survey shows that respondents have moved to a crowded long position in commodities. Many analysts have also hopped on the commodity supercycle train, myself included (see How value investors can play the commodity supercycle).

As a cautionary note, one reader alerted me to a well-reasoned objection on the commodity supercycle thesis.

The full post can be found here.

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