📝 Global Allocations To Push Commodities Another 30-40% Higher: J.P. Morgan

In the current juncture, where the need for inflation hedges is more elevated, it is conceivable to see longer-term commodity allocations eventually rising above 1% of total financial assets globally, surpassing the previous highs. This would imply another 30% to 40% upside for commodities from here. Allocations stand above historical averages, however, they're not overweight. - J.P. Morgan Strategist