BofA strategists led by Michael Hartnett said ...Link to article:
https://www.investing.com/news/economy/stay-long-commodities-and-flip-to-long-gold-vs-oil-bofas-hartnett-3818347
Exec summary:
BofA strategists led by Michael Hartnett said commodities have been the best-performing asset since the Federal Reserve’s 50 basis point (bp) rate cut in September. He advises investors to stay long commodities amid rising global PMIs, increasing Chinese money supply, and the peak in the US dollar. However, he suggests flipping from oil to gold “as Russia/Ukraine/Middle East geopolitics flip from war to peace.”