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The commodity bull super-cycle

Wells Fargo Investment Institute - March 30, 2023

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 a PDF version of this report