The news JP Morgan were out with a note on a ‘supercycle’ crossed yesterday and its only accelerated since.
JPM cite higher pricees for :
- agricultural products
- metals
- oil
saying that Commodities appear to have begun a new supercycle of years-long gains
JPM also says prices may also rise as an “unintended consequence” of moves to fight climate change (which might constrain oil supplies & boost demand for metals needed to build renewable energy infrastructure, batteries and electric vehicles)
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Goldman Sachs and BoA are also on this, I’ll post separately on these.