Morgan Stanley's Sheets Favors Oil Over Gold, Silver

The video discusses the preference for energy over metals in commodities due to better supply and demand dynamics. It highlights the negative impact of rising interest rates and a stronger dollar on gold and silver prices. The global economy is expected to improve, with oil producers being constrained despite higher prices. Commodities are seen as equal weight rather than overweight, performing well early in the cycle but becoming range-bound in mid-cycle markets.

In what way does the teacher describe the performance of commodities in different market cycles?

What does the teacher suggest about the relative value in the commodities sector?