As far as I am concerned, currently almost all commodities stocks are still deeply undervalued. while technology stocks are still gross overvalued.
By extrapolation emerging stock markets like Brazil, South Africa, China, Russia even offer great value, while the US stock market is still significantly overvalued due to the higher relative weight and influence of technology stocks.
In 2001 there was a stock market dot-com boom and bust, in 2008 there was a boom and bust in commodities and emerging markets, in 2022 we are experiencing another, even bigger cloud computing stocks lead stock market technology boom and bust.
And contrary to general wisdom, raising the interest rate levels in the economy could prove beneficial to emerging markets and commodities stocks and commodities producing countries like Brazil, Argentina, South Africa, Russia, UAE, Saudi Arabia, etc.
British Petroleum, Occidental Petroleum, China Petroleum and Capital Corp, gold and silver mining companies and other commodities producing companies are undervalued, according to my opinion.
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