In this episode, Nitesh is joined by Warren Pies, Co-Founder & Strategist, 3Fourteen Research. Together they discuss what a late economic cycle entails and what it means for asset allocation. (00:00) Intro and Disclaimer (01:13) Meet Warren (02:22) What is a late economic cycle? What is the evidence for one at this point in time? (14:39) Are we are in restrictive Fed policy territory yet? (19:19) Have there ever been any soft landings when we're in an inverted curve? (22:02) Are late cycles good for commodities? (23:23) Oil rally - are we close to the end? (34:59) How can investors hedge against the uncertainty of soft landing? (38:13) Gold - another portfolio diversifier (39:12) What would take to trigger an overweight on commodities? And are we close to moving any of those triggers? (42:00) Outro (43:57) Disclaimer You can follow our panellists on Twitter at: Nitesh: https://twitter.com/NiteshShahWT Mobeen: https://twitter.com/MobeenTahirWT Warren: https://twitter.com/WarrenPies For EU Investors Only Learn more about commodities: https://www.wisdomtree.eu/en-gb/strategies/broad-commodities