To our surprise, the US economy has not entered a recession over the past two years. This is not because a recession has been avoided altogether but because the current economic cycle has been ...

Equities remain elevated for now, but a tired market cycle and rising commodity prices signal increasing downside risk into late 2024 and 2025. Cyclical commodities, especially industrial metals and ...

Soon, all that investment facilitates greater supply of Commodity X, causing the red line in our commodity price cycle chart to rise. The price of Commodity X is still rising, because supply has not ...