Throughout history, there have been cycles where energy and commodity names experienced success, followed by periods of oversupply and demand destruction leading to deflationary bubbles. The focus shifted to technology valuations during the dot-com bubble, causing disruptions. The 2000s resembled the 70s with rising material costs and oil prices. Currently, there is a risk of overvaluation in technology as multiples assume no issues with energy or raw materials, potentially leading to significant overweight in these sectors.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode