# 5-11-26 Commodity Supercycle - Bull Market Killer

Page: https://stenobird.com/podcast/the-real-investment-show-full-show-1123656/5-11-26-commodity-supercycle-bull-market-killer
Text version: https://stenobird.com/podcast/the-real-investment-show-full-show-1123656/5-11-26-commodity-supercycle-bull-market-killer.md
Podcast: [The Real Investment Show (Full Show)](https://stenobird.com/podcast/the-real-investment-show-full-show-1123656)
Published: 2026-05-11T18:13:51+00:00
Episode link: https://soundcloud.com/user-949311744/5-11-26-commodity-supercycle
Audio file: https://feeds.soundcloud.com/stream/2318773760-user-949311744-5-11-26-commodity-supercycle.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-real-investment-show-full-show-1123656/episodes/5-11-26-commodity-supercycle-bull-market-killer
Duration seconds: 2586

## Resource

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)" https://realinvestmentadvice.com/resources/blog/commodity-supercycle-the-enemy-of-the-bull-thesis-part-1/ "Earnings Estimate Revisions Are Very Optimistic" https://realinvestmentadvice.com/resources/blog/earnings-estimate-revisions-are-very-optimistic/ "…

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