Valuations and the Spot-to-Earnings Lag

Luke Laretive is our first guest in the studio for 2026 and he's wasting no time, laying out his call for the year ahead: 2026 is the year of resources.

We're diving deep into commodity cycles, big-cap miners and two stocks Luke says have genuine 10-bag potential.

For more tips from Luke, subscribe to his newsletter at https://senecafs.com.au/subscribe

In this episode:

01:55 Why 2026 is the year of resources

06:27 What’s driving prices

09:09 Why many fund managers will miss the trade

12:36 Top picks by commodity

17:10 The big miners: BHP, Rio & merger talk

21:02 Lithium outlook

22:52 Two stocks with 10-bag potential

24:44 Portfolio construction & commodity exposure

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