As the year progresses, commodities look as if they could become the best performing asset class in 2018 (see Q2 2018 Investment Outlook: Commodities Seizing Their Moment). We believe that major opportunities continue to exist - especially in energy stocks.
Back in March, our view was that with global growth kicking in and fueling demand, commodities were well positioned for a strong year and significant opportunities were emerging.
For several years now, one of our main themes has been that, beyond the macro trends, commodity companies have been undergoing a rationalization process. Since the