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Signs point to the start of a decade-defining commodity bull market. Get commentary and actionable investment insights from our team of in-house analysts.

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Topics covered in the Q1 Outlook

  • The commodity bull market of 2021
    Steen Jakobsen explains why Q1 2021 will mark the start of just the seventh commodity bull cycle in history.
    Read full article
  • Surging commodities looking for more in 2021
    The components for another “commodity super cycle” have started to emerge, says Ole Hansen.
    Read full article
  • USD bears celebrate Blue Wave Lite, but what about rates?
    With the USD set to continue its descent, John Hardy looks at whether “the biggest monetary shift in generations” is underway.
    Read full article
  • Cryptocurrencies becoming more institutitonal, less obscure
    Anders Nysteen looks at whether the crypto bull market can continue in 2021 and if bitcoin could be a new safe-haven asset.
    Read full article
  • Infrastructure investment gap and hidden inflation
    Christopher Dembik looks at how higher growth and rising inflation could impact investment opportunities this quarter.
    Read full article
  • Equity investors must embrace the commodity sector during reflation
    Peter Garnry highlights 40 stocks offering exposure to the commodity sector, which could be set to boom if inflation returns.
    Read full article
  • "Game Over" for Treasury Bonds
    Althea Spinozzi predicts a challenging year ahead for bondholders as US Treasury bonds resemble “a ticking time bomb”.
    Read full article
  • Game of Thrones – Reflation and Inequality, 2021’s Macro Drivers
    Eleanor Creagh analyses the market impact of a new inflationary regime and looks at how to position your portfolio accordingly.
    Read full article
  • China is the North Star of Asia, and North Asia is proven winner
    Structural tailwinds could see Chinese equities, currency and bonds outperform in 2021, says Kay Van-Petersen.
    Read full article

Previous Quarterly Outlooks

Quarterly Outlook Q4 2020

The US election

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The US election

Quarterly Outlook Q3 2020

Localisation: The New Macro Paradigm

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Localisation: The New Macro Paradigm

Quarterly Outlook Q2 2020

A World Out of Balance

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A World Out of Balance

Quarterly Outlook Q1 2020

The Great Climate Shift

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The Great Climate Shift

Quarterly Outlook Q4 2019

The Killer Dollar

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The Killer Dollar

Quarterly Outlook Q3 2019

The global fiscal panic

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The global fiscal panic

Quarterly Outlook Q2 2019

Europe – can the centre hold?

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Europe – can the centre hold?

Quarterly Outlook Q1 2019

Beware the global policy panic

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Beware the global policy panic

Quarterly Outlook Q4 2018

Emerging or Submerging markets?

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Emerging or Submerging markets?

Quarterly Outlook Q3 2018

This could end very badly

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This could end very badly

Quarterly Outlook Q2 2018

The end of a cycle like no other

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The end of a cycle like no other

Quarterly Outlook Q1 2018

How to spot a bubble? 

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How to spot a bubble? 

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