Commodity super cycle chart signals secular bull market, with boom-bubble and inflation bust scenarios.
What changed
A BOOM-TURNED-BUBBLE IS ONE SCENARIO FOR AN END TO THE SECULAR TREND, BUT AN INFLATION BUST IS ANOTHER. BELOW IN THE COMMODITY SUPER CYCLES CHART WE SEE THAT COMMODITIES APPEAR TO HAVE ENTERED ANOTHER SECULAR BULL MARKET OF THEIR OWN. WHAT’S INTERESTING ABOUT THIS IS THAT SUPER-CYCLES FOR COMMODITIES AND EQUITIES TEND TO BE MIRROR IMAGES OF EACH OTHER (ILLUSTRATED BY THE 10-YEAR CAGRS BELOW). SO PERHAPS THE STRENGTH IN COMMODITIES IS A SUBTLE EARLY WARNING SIGN FOR THE SECULAR TREND IN EQUITIES.