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Real Assets - In Depth

A deeper analysis of investment trends and topics across asset classes and global markets.

March 30, 2023

John LaForge, Head of Real Asset Strategy

Mason Mendez, Investment Strategy Analyst

The commodity bull super-cycle

Why super-cycles matter, what we are seeing next, and what it means for investors

Key takeaways

  • On March 20, 2020, a new commodity bull super-cycle was born. Commodities have since outperformed most assets, and we suspect they should for years to come.
  • Commodity prices have generally tended to move together over multi-year periods, called super-cycles. We believe 2020 marked the start of a new bull super-cycle.
  • Today, we will discuss what we are seeing, and why we believe super-cycles should matter to investors.

Download the report (PDF)