FXStreet reports that analysts at Capital Economics expect poor returns from commodities over the next few years, but reasonable returns from US equities.

“We do not expect commodities to collapse by as much as they did in 2014-15 over the next few years. Meanwhile, we think that the returns from US equities will be positive, but far from stellar.” 

“We will see a strong global recovery, but one in which China’s economy loses steam as stimulus is withdrawn. We also expect commodity supply to recover markedly. If we are right to expect a strong global recovery, but one in which growth is softer in some commodity-intensive parts of the world, along with a rebound in commodities supply, it seems perfectly plausible to us that the returns from commodities and US equities could diverge once again.”