Commodities are historically at all-time lows relative to stocks, and the valuation spread creates an opportunity if rotation occurs, similar to 2001-2011 when value and small-caps dramatically outperformed after the tech peak.
forecastpending
Speaker
Jesse FelderEvidence Quote
“2001 time frame where you had blowoff in the tech stocks and they reversed lower and small caps uh and value stocks were just starting to take off and they would outperform for the next decade”
Created: 8/11/2026, 1:31:35 AM
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