There’s A Bubble in The Inflation Narrative | Darius Dale
Forward Guidance
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The Risk of Copper Drawdown
If there was a risk to a lot of exposures like copper, maybe not copper specifically, but lumber would obviously be a higher bator thing that could easily go down 30, 30 to 50%. Those types of exposures, that kind of one way inflation narrative bet that a lot of investors have made and are ultimately going to be proven right on. That doesn't necessarily mean it can't have a material sustained protracted drawdown in the interim. The marginal market participant is generally not inclined to go buy something that's down 33 to 50%.
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