Bank of America: Commodity price bull market will last for years

Golden Ten Data reported on April 10 that Bank of America strategist Michael Hartnett stated investors should flock to the commodities market in the coming years, as this asset class will benefit from global geopolitical and macroeconomic turbulence. The Middle East war and the artificial intelligence race have raised concerns about supply chains. Governments around the world are working to curb the impact of soaring energy and other natural resource prices on industries and consumers, and are striving to secure supplies of key minerals such as rare earths, which are crucial for manufacturing and technology. For the remainder of this decade, as investors seek to hedge against risks, inflation, and a weakening US dollar, equities will be replaced by commodities as the biggest winners of the “buy anything but bonds” trade. Excessive fiscal expansion means that in the coming years, a bear market rally is "more likely to be seen in government bonds than a bull market."