Great Migration Ahead

The current financial landscape suggests a potential shift from growth stocks to hard assets, as a significant migration of capital is anticipated. Historical parallels are drawn, highlighting how the stock market can stagnate for years, with a notable example from 1968 to 1981. With a dramatic decline in the percentage of the S&P 500 allocated to industrials, materials, and energy, the stage is set for a possible equity crash and a reallocation of investments into commodities.