5-11-26 Commodity Supercycle - Bull Market Killer

Is the commodity supercycle the next great investment opportunity, or the biggest threat to the current bull market? Lance Roberts breaks down the growing Wall Street narrative that commodities are entering a multi-year boom driven by deglobalization, underinvestment in energy and metals, AI infrastructure demand, and concerns over long-term dollar dominance. But there’s a major problem with the thesis: commodity spikes are inflationary, inflation destroys demand, and higher commodity prices often strengthen the U.S. dollar instead of weakening it. We examine the reflexivity problem, the China demand issue, AI’s real impact on commodity consumption, and why the “dollar collapse” narrative may be overstated. Key topics include: 0:00 - INTRO 0:50 - Trump - Xi Preview; Earnings Season Winds Down 4:36 - Economic Data Review 6:53 - The Contrarian Trade Continues 11:41 - The Bull Stampede 12:28 - The Commodity Super Cycle 15:16 - Supply/Demand is most important piece of economic equation 16:50 - The Commodity Reflexivity Loop 18:39 - Commodities are Notorious for Reversal 22:36 - The AI Boom Factor 24:15 - Earnings Recap - Stellar Results 30:46 - What's Driving Market Upside - AI Cap-Ex 36:39 - Prior Peaks in Longterm EPS Growth Estimates...and downturns 40:12 - ISM Mfg. vs S&P 500 Annual % Change (chart) Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, Produced by Brent Clanton, Executive Producer ------- Articles Mentioned in Today's Show: "Commodity Supercycle: The Enemy Of The Bull Thesis (Part 1)" "Earnings Estimate Revisions Are Very Optimistic" "Parabolic Semiconductor Rally Is Pricing In 2028 Already" ------- Do you enjoy our content? Rate us on Google: ------- Watch Today's Full Video on our YouTube Channel: ------- Watch today's "Before the Bell" feature, "Iran Headlines Rattle Markets" here: ------- Watch our previous show, "Annuities: Smart Move or Costly Mistake?" ------- * REGISTER for our next Candid Coffee, Saturday, May 16: "Financial Organization Made Simple:" -------- Download Lance's Latest e-book, "Laws of Money & Wealth:" --------

You can listen to 5-11-26 Commodity Supercycle - Bull Market Killer online on Radio and Podcast. Open the player on this page to stream the available audio.

5-11-26 Commodity Supercycle - Bull Market Killer is an episode from Lance Roberts' Real Investment Hour by The Real Investment Show/Full Show.

This episode is 00:43:06 long.

This episode was published on May 11, 2026.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Lance Roberts' Real Investment Hour when more episodes are available from the podcast feed.