A simple glance at the CRB Index over the last few years illustrates why inflation was the hot topic in last night’s political debate – not that either party can do a great deal about the rising global problem. How far & fast commodities rally over the coming years is largely guess work but at MM we do believe a new “Commodities Super Cycle” is a distinct possibility and the inevitable pullbacks in most commodities should be bought i.e. unlike stocks we are keener buyers of weakness as opposed to sellers of strength.
MM is bullish commodities longer term
