The commodity supercycle intermission is ongoing, but the structural thesis remains in tact (see our original thesis from Oct 2020 here). We have been helping clients manage their commodities exposure this year, balancing structural tailwinds, cyclical headwinds and tactical signals.
Thank you for great commentaries as always. How are the sentiment scores calculated? what are the inputs? Just trying to understand if it is based on soft data (surveys) or some other type of data is involved.