Bank of America strategist recommends commodities investment for next several years
Business · 2 October 2026
Written by AI from multiple news reports
Bank of America strategist Michael Hartnett said in April 2026 that investors should put more money into commodities over the coming years. He believes commodities will perform better than stocks for the rest of the 2020s.
Hartnett pointed to global instability and economic pressures as key reasons. Iran has closed the Strait of Hormuz to ships, which has pushed crude oil prices higher. Metals like gold and copper have also risen because central banks are buying them and because of demand from artificial intelligence projects.
The Bloomberg Commodity Index has gone up 35 percent since early 2025. That is more than double the return from the S&P 500 over the same period. Many investors have already moved away from bonds, putting $275 billion into stocks this year.